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Friday, March 14th, 2008 at 4:41:56am UTC 

  1. If you reduce your carbon emissions below your assigned
  2. quota then you can sell the remainder to someone who is willing to pay to continue emitting greater
  3. amounts of carbon. The system would include both individual quotas and a national quota to be allocated
  4. (or sold) to industry, commerce and government agencies, etc. Initially the quota would be only marginally
  5. less than current emission levels, but over time (with annual reductions) the quota would be lowered to
  6. levels that ensure the 90% emission decrease required in most developed countries to maintain a liveable
  7. planet.

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