Isra-Mart srl: California 'cap and trade' legal glitch

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Isra-Mart news:

A court ruling may delay rollout of the first state-wide emissions trading programme in the US aimed at tacking global warming. On 20 May, the California Superior Court ruled that Californian regulators must first analyse other options before proceeding with a 'cap and trade' that was due to become operational in 2012. Though not exactly good news from an EU viewpoint, as Brussels eagerly backs the 'cap and trade', which could ultimately be linked up to the EU's scheme, the courts at least have not excluded the option of a 'cap and trade'. With there being no chance currently of the US Congress enacting a US-wide scheme, many Europeans are hoping California can inject some much-needed momentum in climate policy in Washington.