There’s a piece in the WSJ today re Richard Sandor, emissions and carbon trading.
The next big battlefield will be in the U.S., where Congress is currently debating setting up a system for regulating greenhouse-gas emissions. Lawmakers are considering a system like the one created by the 1997 Kyoto Protocol, a global United Nations-sponsored accord that set emissions-cutting targets for the 175 nations that ratified it. Europe’s program was an early test run of the Kyoto Protocol, whose emission restrictions began hitting industry this year.
