Obama's draft budget projects cap-and-trade revenue
February 26, 2009 in Society & Policy 0 comments Post a comment
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Obama's draft budget projects cap-and-trade revenue
Emissions permits could generate billions and cut emissions 14 percent by 2020, according to budget proposal
By Darren Samuelsohn and Robin Bravender
President Obama's proposed budget laid out his assumptions that a new cap-and-trade program for greenhouse gas emissions would begin to generate billions of dollars in revenue as companies are forced to comply with a market-based program.
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