Concern about delays, abuse add to businesses' apprehension over California cap-and-trade
Tuesday, April 19, 2011 - 00:30
in Earth & Climate
A lawsuit threatens to delay the rollout of California's cap-and-trade program, and experts warn about fraud and abuse that has beset Europe's carbon market. But if California succeeds, they say, it could be a model for the U.S. and beyond.Nine months before California is set to finalize a trading system aimed at curbing greenhouse gas emissions, participants have the jitters.