California Air Regulators Launches Nation's First Carbon Credit Trading Market

California air regulators today announced a bold plan to slash greenhouse gas emissions that would alter the way utilities generate electricity, automakers build cars and developers construct buildings, and launch the nation's broadest market in carbon-credit trading.

California's blueprint is the first comprehensive effort to combat global warming by any American state, and comes nearly three weeks after the U.S. Senate threw out a national greenhouse gas bill that would have set similar targets.

Read the article at the Los Angeles Times.