NEW YORK, Dec. 20 -- Seven northeastern states have signed the country's first plan to create a market for emission credits for heat-trapping carbon dioxide as a way to curb pollution from power plants, New York Gov. George E. Pataki (R) said Tuesday. In a break from President Bush, Pataki helped create the Regional Greenhouse Gas Initiative, in which participating states agree to curb emissions starting in 2009, with cuts in emissions starting in 2016. Bush pulled out of the Kyoto Protocol on global warming in 2001, saying it would hurt the U.S. economy. He backs voluntary, not mandatory, cuts in the production of greenhouse gases that most scientists believe warm the earth. Other members of the initiative are Connecticut, Delaware, Maine, New Hampshire, New Jersey and Vermont. In early 2006, the states will release a draft of the plan that they signed on Monday.
Source: Reuters
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