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Empresas y finanzas

White House sees $646 billion from 2012-19 CO2 trade


    WASHINGTON (Reuters) - President Barack Obama's budget outline projects the government will raise $646 billion in revenue from a greenhouse gas emissions trading system from 2012 through 2019.

    The money generated from the cap-and-trade program would go toward $150 billion in clean energy technology investments over 10 years and a "making work pay" tax credit.

    The Obama administration will work with Congress to develop an economy wide system that would place a limit on emissions from large industries and require them to buy and sell permits for the greenhouse gases they emit.

    (Reporting by Ayesha Rascoe; Editing by Marguerita Choy)