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'Robust' Start Seen for Western U.S., Canadian Carbon Market
2010-07-27 13:09:26.929 GMT
By Simon Lomax
July 27 (Bloomberg) -- A proposed cap-and-trade system for
the Western U.S. and parts of Canada will create a "robust
market" for carbon dioxide pollution rights by 2012, according
to officials designing the greenhouse-gas program.
The Western Climate Initiative, comprised of seven U.S.
states and four Canadian provinces, will establish a "flexible,
market-based, regional cap-and-trade program that encourages the
most cost-effective, reliable alternatives" to fossil fuels by
January 2012, the group said in an e-mail today.
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To contact the reporter on this story:
Simon Lomax in Washington at +1-202-654-4305 or
slomax@bloomberg.net
To contact the editor responsible for this story:
Dan Stets at +1-212-617-4403 or
dstets@bloomberg.net
