CA's cap and trade program accelerates

The carbon scheme would cap emissions of large emitters including power plants, refineries, cement plants and other big factories at 15 percent below today’s levels by 2020, and allow companies to buy and sell emissions allowances to meet their goal, according to the article. The scheme would also allow limited use of high-quality offsets outside of capped sectors to cover a portion of the overall emissions reductions, according to CARB.