News & Events

News & Events

9.23.2008

Western Climate Initiative Releases Cap-and-Trade Market Recommendations, Now the Hard Work Begins

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Seven Western states, including Washington and Oregon, in partnership with four Canadian provinces, all operating under the Western Climate Initiative (“WCI”) have now released their final recommendations for designing a regional cap-and-trade market to reduce greenhouse gas emissions (“GHG”) starting January 1, 2012. The WCI would create the most comprehensive cap-and-trade program anywhere, ultimately regulating 90 percent of the region’s GHG emissions and going well beyond a northeastern U.S. program that applies only to electrical generation and a European Union program, which does not cover transportation, residential or commercial fuel uses. View full article (PDF).