9.23.2008

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

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).