GMP joins ‘climate exchange’ to reduce carbon dioxide

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Vermont’s second-largest electric utility is trying to use market incentives to reduce pollution. GMP has joined a new trading market designed to reduce emissions of carbon dioxide, which are blamed for global warming.

Green Mountain Power has set a goal of reducing the carbon emissions of the generators its gets power from by four percent below its average from 1998 to 2001. If it exceeds that goal and reduces carbon emissions more, it will be able to sell carbon credits to other utilities and make money in the market called the “Chicago Climate Exchange.” If it fails to meet that goal, it will pay for carbon credits from the exchange.

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