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EU Seeks Link With Federal, Not Local U.S. CO2 Trading

| Sourced From Businessweek |

Sept. 24 (Bloomberg) — The European Union will keep trying to link its carbon market, the worlds biggest, with any U.S. program at the federal level rather than regional systems.

A federal U.S. cap-and-trade program, narrowly approved in the House of Representatives last year, didnt gain enough support to pass the Senate this year. States including California are proposing emissions trading under a program known as the Western Climate Initiative in 2012.

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