Thursday, January 26, 2012

Ontario Ministry Announces California and Quebec to link emissions Trading sysstems

The website has a report titled: "California and Quebec to link emissions trading systems"

The report notes a surprising source for an announcement on California and Quebec:
California plans to link its emerging cap-and-trade system with that of Quebec this year under the auspices of the Western Climate Initiative (WCI), but challenges remain as allowances trade at record lows. 
“This will create the largest carbon market in North America and provide a model that can guide future efforts to establish a creative road map for future national approaches in Canada and the US to reduce greenhouse gas [GHG] emissions,” say WCI co-chairmen James Goldstene, executive officer of the California Air Resources Board (CARB) ,and Jim Whitestone of Ontario’s Ministry of the Environment.  

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