California will become the first state in the country to require industries to lower greenhouse gas emissions under a deal struck Wednesday by Gov. Arnold Schwarzenegger and Democrats that could dramatically reshape the state’s economy….By 2020, when industries would have to lower carbon dioxide and other greenhouse gases by 25 percent, solar panels, alternative fuels and electric cars could be commonplace, according to advocates of the legislation.
This is AB 32, mentioned yesterday. This is huge.
‘This is the tipping point in the country’s climate-change debate’, predicted Bob Epstein, head of the business group Environmental Entrepreneurs.
I’ll have more detailed commentary soon.