- Israel hits symbols of Hamas rule; scores killed
- Mississippi abortion law can’t be enforced
- Teacher who survived Sandy Hook has book deal
- Jury awards Jesse Ventura $1.8M in case vs. ‘American Sniper’ author Chris Kyle
- Middle Eastern firm’s deal to manage U.S. cargo port raises security concerns
- Bob McDonnell’s defense: Lonely wife developed ‘crush’ on CEO
- Chinese hackers stole ‘huge quantities’ of sensitive data on Israel’s Iron Dome
- House Republicans unveil bill to speed deportations of border children
- Californians protest middle school for hiring white man to teach cultural studies
- Killer’s sentencing overturned because mother couldn’t find seat in courtroom
Britain, California to join forces on global warming
Question of the Day
Britain and California are preparing to sidestep the Bush administration and fight global warming together by creating a joint market for greenhouse gases.
British Prime Minister Tony Blair and California Gov. Arnold Schwarzenegger plan to lay the groundwork for a new trans-Atlantic market in carbon dioxide emissions. Such a move could help California cut carbon dioxide and other heat-trapping gases scientists blame for warming the planet. President Bush has rejected the idea of ordering such cuts.
Mr. Blair and Mr. Schwarzenegger were expected to announce their collaboration this afternoon in Los Angeles, according to documents provided by British government officials on condition of anonymity.
The aim is to fix a price on carbon pollution, an unwanted byproduct of burning fossil fuels such as coal, oil and gasoline. The idea is to set overall caps for carbon and reward businesses that find a profitable way to minimize their carbon emissions, thereby encouraging new, greener technologies.
Today’s meeting was being hosted by Steve Howard, chief executive of the Climate Group, and Lord John Browne, chairman of British Petroleum. British and American business leaders planned to use it also to discuss other ways of accelerating use of low-carbon technologies.
The world’s only mandatory carbon trading program is in Europe. Created in conjunction with the Kyoto Protocol, a 1997 international treaty that took effect last year, it caps the amount of carbon dioxide that can be emitted from power plants and factories in more than two dozen countries.
Companies can trade rights to pollute with each other or through exchanges located around Europe as long as the cap is met. Canada, one of more than 160 nations that signed Kyoto, plans a similar program.
Although the United States is one of the few industrialized nations that haven’t signed the treaty, some Eastern states are developing a regional cap-and-trade program. Some U.S. companies have agreed voluntarily to cap their carbon pollution as part of a new Chicago market.
A main target of the agreement between Britain and California is carbon from cars, trucks and other modes of transportation. Transportation accounts for an estimated 41 percent of California’s greenhouse gas emissions and 28 percent of Britain’s.
Mr. Schwarzenegger has called on California to cut its greenhouse gas emissions to 2000 levels by 2010. California was the 12th largest source of greenhouse gases in the world last year, bigger than most nations.
Mr. Blair has called on Britain to reduce carbon emissions to 60 percent of its 1990 levels by 2050. Britain also has been looking at imposing individual limits on carbon pollution. People who accumulate unused carbon allowances — for example, by driving less or switching to less-polluting vehicles — could sell them to people who exceed their allowances — for example, by driving more.
- Boehner rules out impeachment: 'Scam started by Democrats'
- Obama thanks Muslims for 'building the very fabric of our nation'
- Federal judge grants 90-day stay in D.C. gun case
- Obama's brother wears Hamas scarf bearing anti-Israel slogans in photo
- Smugglers, rainstorm combine to poke holes in border fence
- D.C. seeks to stay judge's order allowing gun owners to carry in public
- Obama: 'Not a new Cold War,' but new Russia sanctions announced
- White House says Russia 'losing' war in Ukraine
- McCLAUGHRY: Finish off the "Islamic State" quickly and cheaply
- PRUDEN: When the hangman botches the job
Obama's biggest White House 'fails'
Celebrities turned politicians
Athletes turned actors
20 gadgets that changed the world