http://www.dw-world.de/dw/article/0,2144,2670604,00.html
Germany Wants Emissions Trading Agreement With US States
Germany’s Foreign Minister Frank-Walter Steinmeier will reportedly travel to California in August to discuss a trans-Atlantic emissions trading scheme with Governor Arnold Schwarzenegger. The hope is to have agreements in place by 2012, according to a strategy paper from Germany’s Ministry of Foreign Affairs.
“Europe must together with the US make progress on the goal of having a meaningful climate policy,” according to the policy paper quoted in the Financial Times Deutschland newspaper Thursday.
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The US doesn’t have any organized emissions trading systems. In recent years, plans for two regional systems have emerged.
Nine states in the Northeast, including New York and New Jersey will set caps and trade carbon dioxide emissions starting in 2009.
California, the most populous US state, is leading the Western Region Climate Action Initiative. It would create a carbon trading market whereby polluters can buy carbon credits from greener companies.
Several US states have expressed interest in working with the EU.
The whole “cap and trade” system benefits those who are unproductive. It’s a big fake cash cow for the people that are managing the system. It essentially creates a business out of nowhere and those costs are then pushed down onto consumer.
Last time I checked, the Constitution doesn't allow the States to negotiate with foreign powers.
Maybe Arnold didn't learn about that in his grade school in Austria.