carb

Global Warming
1:08 pm
Tue November 13, 2012

California Launches 'Pay-to-Pollute' Carbon Market

An oil refinery in Bakersfield (file photo)
Credit Joe Moore / Valley Public Radio

California is launching a big part of its fight against climate change on Wednesday. The state is holding its first auction in the "cap and trade" program where industrial businesses will have to buy allowances to emit greenhouse gases.   The goal is to reduce the state's emissions to 1990 levels by 2020. From Sacramento, Kathleen Masterson reports on how the complex market is designed to reduce pollution. 

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