California presses rules on greenhouse-gas emissions

Here is some interesting news out of California, provided by the AFP...
Governor Arnold Schwarzenegger and the legislation of California have agreed to some serious greenhouse-has limits. This plan is an effort to cut these gases by 25%. Putting California even farther than the federal government in emissions standards.
"The move makes California the first state in the country to limit the emission of carbon dioxide and other gases accused of contributing to global warming.
California is the 12th largest carbon emitter in the world, Schwarzenegger noted, 'despite leading the nation in energy efficiency standards and its lead role in protecting its environment.
'Reducing greenhouse gas emissions is an issue we must show leadership on,' he said.
The proposed bill, called AB 32, would cut the state's carbon dioxide emissions -- the principal contributor to global warming -- by 25 percent by the year 2020.
It would require large firms that generate greenhouse cases, such as power plants, oil refineries, factories and cement kilns to report their level of emissions to California's Air Resources Board.
However, the bill includes a provision allowing firms who exceed the limits, or cap, on greenhouse gas emissions to buy 'credits' from companies with below-cap emissions."
My favorite, and the most interesting idea - is the bartering or buying of 'credits' allowed under the plan for people who go over their limits.
HMMM...
Maybe it's time for me to start a small manufacturing company, which produces ? (something - anything) and start selling my emissions credits.
Maybe I'm starting to see $$$.
Talk soon.
Al







