Right now, several bills quietly wending their way through Congress have the potential to change just about everything in the U.S., from how we run our businesses to how we run our lives. But for most people, those proposals are as invisible as the substance they seek to regulate: carbon dioxide. Modeled on Europe's carbon cap-and-trade system, the bills foreshadow a new regulatory system that could have as profund an effect on the law, and what lawyers do, as the Superfund program or the Clean Air Act.
October 03, 2007 at 12:00 AM
1 minute read
The original version of this story was published on National Law Journal
Right now, several bills quietly wending their way through Congress have the potential to change just about everything in the U.S., from how we run our businesses to how we run our lives.
For most people those bills and their tremendous implications are as invisible as the substance they seek not just to regulate but to monetize: carbon dioxide.
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