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A dozen US states and a handful of Canadian provinces will consider linking their carbon trading initiatives in a North American emissions cap-and-trade market. The pro-emission-trading states and provinces see the link-up as the next best thing to national cap and trade schemes, now very much on the backburner following failed US Congress moves and the outcome of the recent US mid-term elections, Bloomberg reports.
California is now set to go ahead with its own scheme from 2012 with New Mexico, British Columbia, Ontario and Quebec also good prospects. They are all members of the Western Climate Initiative (WCI), which has seen other member states stalling their plans amid political and legislative obstacles.
The Western movers are eyeing the ten states of the US north-eastern Regional Greenhouse Gas Initiative (RGGI), which has had cap and trade on power generators since 2009. Discussions are said to have taken place about aligning the schemes
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klem
on Dec 5th, 2010
@ 5:47 pm:
I think its great. Once the carbon market is in place the products from those states will become less competitive, leaving more sales for us. Keep up the great work suckers!