CO2 cap-and-trade bill (Awaiting Presdential Signature/Veto)

[HappyWarrior]

CO2 cap-and-trade bill:

Section 1: In an effort to combat the catastrophic effects of climate change, Atlasia will attempt to reduce overall emmissions of carbon dioxide by regulating the total amount that may be produced through a "cap-and-trade" system.

Section 2: The Atlasian government will provide regions with "climate credits" proportional to their share of employed Atlasians, which will be distributed as regions see fit within their boundaries.

Section 3: These credits may be bought, sold and otherwise transferred among the companies that receive them as they see fit at market based prices.

Section 4: The total level of CO2 credits issued to the regions by the Atlasian government will equal 98.5% of the total amount of CO2 produced in the previous year, with the goal of meaningful, long term reduction.

Section 5: This carbon regulating scheme will last for a maximum of 10 years, after which it will be evaluated again and renewed according to new demands and goals.

Sponser: Franzl

[HappyWarrior]

On the final vote:

AYE

[HappyWarrior]

Now awaiting the President.