23 May '11, 9am

Judge halts California's carbon market plan

California's plans to establish one of the world's largest carbon markets have been dealt a serious blow, after a judge ruled last week that state regulators must put the plans on hold until they have formally examined alternative means of cutting greenhouse gas emissions. San Francisco Superior Court judge Ernest Goldsmith issued a decision requiring the California Air Resources Board (CARB) to take no further action towards implementing its planned emissions cap-and-trade scheme until it has explored alternative mechanisms for ensuring California's legally binding emission reduction targets are met. FURTHER READING Innovative solar storage plant lands $737m loan guarantee Google strengthens wind farm connection The decision follows a ruling last month in which the judge accused the board of failing to adequately assess alternative emission reduction mechanisms, such as e...

Full article: http://www.businessgreen.com/bg/news/2072888/judge-halts-...

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Major blow to California's carbon market plans ...

businessgreen.com 23 May '11, 9am

California's plans to establish one of the world's largest carbon markets have been dealt a serious blow, after a judge ru...

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