Cap and trade closer in US

US Senator Dianne Feinstein will introduce a bill proposing a national cap-and-trade scheme for greenhouse gases on the first day of the new Congress in January 2007. The scheme proposes to slash US emissions by 10 per cent by 2025. The last bill before the Congress for mandatory regulations failed by only a handful of votes. The Republicans are expected to lose control of Congress in the up-coming elections.