Quebec Amends Cap-and-Trade Rules To Harmonize with California's System

摘要

Quebec's government has finalized amendments to its cap-and-trade regime for greenhouse gas emissions to fully harmonize it with California's system and those of future partners in other jurisdictions.The regulatory amendments clear the way for Quebec to participate fully in the development of an extensive North American carbon market through the Western Climate Initiative (WCI), according to Quebec Sustainable Development, Environment, Wildlife, and Parks Minister Yves-Francois Blanchet."The cap-and-trade system for greenhouse gas emission allowances is a major advance in the fight against climate change," Blanchet said in a Dec. 13 statement. "Europe, China, Australia, and Japan are working in this direction. Quebec and California are now leaders in this endeavor."