in News Departments > Policy Watch
print the content item

The California Air Resources Board (CARB) has set Jan. 1, 2014, as the date to officially link the state's cap-and-trade program with that of the Canadian Province of Quebec.

California and Quebec have worked together over the past four years to develop their respective cap-and-trade programs to provide for potential linkage. According to CARB, the linkage agreement provides an opportunity to closely monitor and fine-tune these first two programs, setting the stage for similar arrangements with other jurisdictions that are committed to reducing greenhouse gases (GHGs).

Under the agreement, each jurisdiction will accept the other’s carbon allowances and approved offsets for compliance under their respective cap-and-trade program. The two jurisdictions will share the Compliance Instrument Tracking System Service for tracking allowances and approved offsets. Both California and Quebec will be supported by WCI Inc. for basic administrative functions, but maintain control over their respective programs.

CARB says this agreement expands the environmental impact of California’s GHG-reduction effort, provides a larger pool of available allowances and approved offsets, and offers additional opportunities for investment in the carbon market.

"The board's action today broadens the environmental impact of California's cap-and-trade program and helps fight climate change by reducing greenhouse gases," says CARB Chairman Mary D. Nichols. "California retains absolute control over its own program, and the larger carbon market overall provides additional options for California businesses.”

No date is yet set for the first California-Quebec joint auction.



Trachte Inc._id1770
Latest Top Stories

Wind Energy Dominates New U.S. Power In October

Data from the Federal Energy Regulatory Commission shows that wind power accounted for over two-thirds of the country's new electricity generating capacity in last month.


Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?

Renewable NRG_id1934
Hybrid Energy Innovations 2015