U.S. Coal Rules May Allow State CO2 Markets

U.S. Coal Rules May Allow State CO2 Markets: Forrister - Businessweek
The U.S. may allow states to regulate emissions from existing coal-fired power plants using carbon markets, according to the president of the International Emissions Trading Association.  The nation’s Environmental Protection Agency is set to let states including New York and California regulate emissions in their own way rather than via a federal power station emission standard, assuming President Barack Obama wins a second term in office, said IETA president Dirk Forrister, a former climate adviser to U.S. President Bill Clinton.  Federal cap-and-trade legislation stalled in the U.S. Senate after narrowly passing the House of Representatives in 2009. Still, California’s trading program is planned for next year and Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island and Vermont formed the...