California moving closer to cap-and-trade auction of carbon credits

Hydrogen fule - carbon capture

California is edging closer to launching its first auction of carbon credits as part of its fledgling cap-and-trade program. The program aims to reduce carbon emissions throughout the state by instituting a cap on how much greenhouse gas a company can produce. The concept has been steeped in controversy for some time. The federal government had once planned to institute a similar program, but the initiative was ultimately defeated. California became the first state in the country to adopt this kind of plan to curb carbon emissions. Since then, much…

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