Monday, April 22, 2013

Cap-and-trade programs in California and Quebec to merge

Cap-and-trade programs in California and Quebec to merge - latimes.com:
The California Air Resources Board on Friday linked its program for cutting greenhouse gas emissions and curbing climate change with one in the French-speaking, Canadian province of Quebec. The merger starts Jan. 1.
On April 8, Gov. Jerry Brown certified the two cap-and-trade systems as compatible. As a result, Quebec's permits that let polluters emit carbon dioxide can be purchased and used by California oil refineries, food processors, cement plants and other facilities. And California-issued pollution permits will be valid in Quebec.
The tradable credits earned by planting trees and other actions that remove carbon dioxide from the atmosphere could be used by California companies to help them meet a state obligation to cut emissions to 1990 levels by 2020.
Read the entire article at latimes.com:

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