31 Aug '12, 11am

Curtain rises on California’s planned carbon market

Curtain rises on California’s planned carbon market

Every year at the Pacific Coast Producers (PCP) processing plant in Woodland, Calif., half a million tons of tomatoes are sliced, diced, canned, boiled, and shipped to grocery stores nationwide. The operation is driven by steam, lots of it, which comes from a suite of massive natural-gas-powered boilers. Together, these boilers emit over 25,000 metric tonnes (about 27,557 U.S. tons) of greenhouse gases annually, which means PCP will be forced to join California’s cap-and-trade carbon market, set to kick off in November. The plan , which officials hope will put the country’s most populous state on track to cut greenhouse gas emissions 80 percent by 2050, isn’t the first carbon trading scheme in the U.S.: The Regional Greenhouse Gas Initiative (RGGI), a collective of several northeastern states (including Massachusetts, which rejoined a few years after being forced out by th...

Full article: http://grist.org/climate-energy/curtain-rises-on-californ...

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