Californian regulators are proposing new rules on cross-border carbon trading that would allow the Canadian province of Quebec and others to participate in its cap-and trade programme.
The California Air Resources Board (ARB) will vote next month to allow Quebec and Californian companies to share allowances and offset credits, as well as establish a common allowance registry and auction mechanism.
The move would broaden the scheme, which kicks off in California next year, for companies to trade emissions permits between California and Quebec. Another Canadian province, British Columbia, is also expected to join.
California has been trying for some time to create a regional cap-and-trade programme across the continent and has met with limited success. While some states are planning to take part, others including most recently New Jersey have dropped out.
For further information:
New Jersey governor pulls out of US cap-and-trade programme (2-Jun 2011)
South Korea moves ahead with cap and trade scheme (3-May)
EPA releases emission standard for new power plants (29-Mar)
Article source: http://www.energyefficiencynews.com/i/5096/