According to an article in the Los Angeles Times,
The plan was characterized as a model for President-elect Obama’s new administration. Under its current design, the plan would cut the state's emissions by 15 percent from today's level over the next 12 years. That would bring the state back in line to levels of the 1990s.
The state’s Air Resources Board approved the plan by unanimous vote. Once enacted, it would require one-third of
The plan also demands major cuts through a new market for buying and selling the right to produce greenhouse gases — a so-called cap-and-trade system.
For the full article, click here.