Large Corporations Lay Groundwork for a U.S. Carbon Market
Several large corporations recently announced they would voluntarily reduce their greenhouse gas emissions by participating in EPAs "Climate Leaders" program an industry-government partnership. Of the 54 participating companies, 20 have set formal goals that together will prevent the emission of 7.5 million metric tons of carbon equivalent per year, an amount equal to the emissions of five million cars, according to EPA.
The Climate Leaders program is a response to the White Houses stated goal of reducing U.S. greenhouse gas (GHG) emissions intensity the ratio of emissions to economic output by American industry by 18% by 2012 through voluntary means.