Leading corporations and environmental groups have released a detailed plan for curbing climate change, including a cap-and-trade program for reducing greenhouse gas (GHG) emissions 80% from 2005 levels by 2050. Members of the U.S. Climate Action Partnership (USCAP), which includes BP, Dow Chemical and DuPont, also presented the plan to the House Energy and Commerce Committee at a hearing today. The “blueprint for legislative action” recommends the initial allocation of free GHG emission allowances, to be phased out gradually. It also would...
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