California will become the first state to initiate cap and trade according to this article:
California OKs Cap-and-Trade
Other states are watching to see how well program works
By Kevin Spak, Newser Staff
California became the first state in the nation to adopt its own cap-and-trade system yesterday, as its Air Resources Board voted unanimously to approve the regulations. The vote came after a grueling eight-hour meeting filled with the opinions of angry union members, disapproving industry representatives, and miscellaneous plan supporters, the LA Times reports. After the board finally held the…