IN DECLARING Monday that climate change threatens Americans well-being, the Environmental Protection Agency served a vital purpose, even if the agency never sets a hard limit on emissions from coal-fired power plants or gas-guzzling cars. The EPA action will instead put pressure on the Senate to pass the more flexible cap-and-trade system of regulating carbon pollution – an approach that was approved by the House last summer but has bogged down as critics tarred it as just another tax.
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