California's Cap And Trade Program Begins January 1

This is my first post since a teaching stint at BGI in the Seattle area.  It offers an MBA with a focus on sustainability.  The article describes the cap and trade program that will begin next year in California.  It describes the hopes and dreams of the program as well as some of the issues. It would be better if it were a national program, but energy companies have lobbied successfully against any efforts by government to limit carbon emissions.  They define free markets as markets that are free from government regulation.  They make exceptions, of course, for fossil fuel markets that are subsidized by government.