Tuesday, October 7, 2008

California seeks energy savings as economy sours

Economic turmoil won't stop investments that help the environment, but the focus will be on saving energy and money rather than massive change, a top California environment official said on Monday.

The trend-setting state plans aggressive cuts in greenhouse gas emissions that cause global warming, but it may be trickier in the middle of melting down markets. California is arguably the leading state in the mortgage crisis.

State plans to reverse the increase in carbon dioxide and other gases that trap heat and raise global temperatures range from a carbon trading scheme for utilities and other polluters, to encouraging solar energy, to credits for more efficient appliances.

For now, the premium will be on energy efficiency projects which save money and also tend to have the greatest benefit for climate

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