Five Western U.S. states have formed the latest regional pact to bypass the Bush administration to cut emissions linked to global warming through market mechanisms.
The Western Regional Climate Action Initiative requires Oregon, California, Washington, New Mexico and Arizona to develop a regional target in six months for reducing greenhouse emissions according to statements from the states' governors.
During the next 18 months, the states will devise a market-based plan, such as a load-based cap-and-trade program, to reach the target. They also have agreed to participate in a multi-state registry to track and manage greenhouse gas emissions in their region.
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