Quebec joins California in GHG cap-and-trade
May 12, 2012, San Francisco, CA - Regulators in California are arranging for the province of Quebec to link its cap-and-trade system to California's as early as November, according to a report in the San Francisco Chronicle.
The joint market will allow businesses in both California and
Quebec to trade permits to emit the greenhouse gases behind global
California officials who have spent years developing a carbon market
have always hoped to include other states and provinces. But most of
California's potential partners have either dropped the idea or dragged
their feet. And hopes of a national cap-and-trade system faded after
climate-change legislation died in Congress in 2010.
"Linking with Quebec is a significant advance in California's efforts
to fight climate change and steer our economy toward a clean energy
future," said Mary Nichols, chairwoman of the California Air Resources
Board. "Linking provides more options to California businesses and lays
the groundwork for other partners to join with us."
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