California and Britain Sign Global Warming Accord

"California will not wait for our federal government to take strong action on global warming," said Schwarzenegger in a statement. "International partnerships are needed in the fight against global warming, and California has a responsibility and a profound role to play to protect not only our environment, but to be a world leader on this issue as well".

The pact between Britain and California calls for studying the economic benefits and costs of mandatory cap-and-trade programs or other regulations that Britain and other European countries have implemented, and of new energy technology, with an eye to a possible joint emissions trading program between California and Britain in the future.