Reuters: California’s top air regulator offered a stern defense of the state’s forthcoming carbon cap-and-trade system, battling back against complaints from industry that it will cost jobs and drive up consumer prices at a hearing on Thursday.
Industry and manufacturing groups that have opposed the carbon market said at a meeting held by the state’s air regulator in Sacramento that the program was poorly designed, and complained that their input has been ignored.
Mary Nichols, chair of the California…

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