Individual US states are putting together a system to cap and trade greenhouse gas emissions, despite the Bush administration's opposition to the Kyoto protocol on global warming.
The regional-level initiative, led by the Governor of New York state, George Pataki, aims to be able to announce the details of a scheme by April. Nine north-eastern and mid-Atlantic states are taking part, with other states and some Canadian provinces involved as "observers" in the process.
The scheme could even link up with the emissions controls and trading system being established by the European Union next year, allowing emission allowances to be traded across the Atlantic. It is understood that informal talks have taken place between environmental officials of the US states and their European Commission counterparts.
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