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Calif. adopts cap-and-trade emission plan

By Jason Dearen
Associated Press / October 21, 2011

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SAN FRANCISCO - California adopted the nation’s most comprehensive “cap-and-trade’’ system yesterday, an experiment by the world’s eighth-largest economy that is designed to provide financial incentives for polluters to reduce greenhouse gas emissions. State officials said they hoped other states and Washington, D.C., would follow suit, calling the plan a “capstone’’ among the suite of tools California can use to reduce the pollution linked to climate change and cut dependence on foreign oil.

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