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A Flaw In California's Cap-And-Trade Plan, Alan Ramo, Janet Redman

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California has made clear its intention to reduce greenhouse gas emissions. But is it taking the right steps to do so? The state has set a goal of returning to 1990 emissions levels by 2020. It has adopted renewable energy standards, driven the national trend in controlling automobile emissions and instituted a cap-and-trade program aimed at curbing climate pollution from power plants, refineries and other "stationary sources" of emissions. But a low-profile bill scheduled for consideration by the Legislature next year has exposed that, at least as far as its cap-and-trade program is concerned, California may be off-track. As it …