The debate takes another turn as President Obama signals flexibility around giving some emission permits away for free. But does it even matter for the overall goals of climate legislation?
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U.S. House of Representatives committee outlines plans for a nationwide cap-and-trade program.
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U.S. president wants a system for trading emissions allowances in place by 2012. If California is any guide, good luck.
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Research firm Point Carbon estimates the cost of gasoline will rise 12 cents in the first year of a U.S.-wide system that limits carbon emissions.
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The RGGI’s carbon auction has generated over $38 million.
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