WCI releases draft design of regional cap & trade program

By CMTA Staff

Capitol Update, Aug. 1, 2008 Share this on FacebookTweet thisEmail this to a friend

On Thursday, July 24th, the Western Climate Initiative (WCI) jurisdictions released its recommended design for the regional cap-and-trade program as part of the regional efforts being made to reduce greenhouse gas (GHG) emissions.
 
This is an important aspect for California's AB 32 implementation since the California Air Resources Board’s Draft Scoping Plan has stated its intent to work closely with the WCI. Language within the Draft Scoping Plan states, "California's participation in WCI creates an opportunity to provide substantially greater reductions in GHG emissions from throughout the region than could be achieved by California alone... The creation of a robust regional trading system can complement the other polices and measures included in this Draft Plan, and provide the means to achieve the emission reductions needed from a wide range of sectors as cost-effectively as possible."
 
To see the WCI Draft Design of the Regional Cap-and-Trade Program, go to: http://www.westernclimateinitiative.org/ewebeditpro/items/O104F18808.PDF

 
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