In today’s Amarillo Globe News, there is an Associated Press story about the nation’s first auction of pollution credits aimed at curbing global warming.
Auction proceeds will go toward energy conservation and renewable energy programs in each of the 10 participating states: New York, Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, Rhode Island and Vermont.
The program aims to hold carbon dioxide emissions steady through 2014 and then gradually reduce them; it is widely viewed as a model for future programs nationally and around the globe.
“It’s historic,” said Lance Pierce, climate program director of the Union of Concerned Scientists. “The carbon markets have arrived in the United States. And carbon markets, if designed correctly, hold the promise for development of cleaner energy … and reductions in global warming pollution that benefit consumers, businesses and the environment, as well.”
Click here to read more about the greenhouse gas sales.