29 July 2010, 11:49 am
The Western Climate Initiative is a series of US states and Canadian provinces which have commited to take cooperative actions to address climate change and implement a joint strategy to reduce greenhouse gas emissions. The WCI recently released a plan to address climate change and spur a clean energy economy. The plan would create a regional carbon cap and trade system, reducing the emissions of those involved 15% below 2005 levels by 2020. http://www.westernclimateinitiative.org/news-and-updates/121-wci-partners-release-their-comprehensive-strategy-to-address-climate-change-and-spur-a-clean-energy-economy An economic analysis of the plan concluded that it would realize net cost savings of approximately $100 billion between 2012 and 2020. http://www.westernclimateinitiative.org/news-and-updates/119-wci-releases-updated-economic-analysis California, New Mexico, British Columbia, Ontario, and Quebec are on track to adopt the regulations necessary to implement the plan by 2012. Arizona, Utah, Washington, Oregon, Montana and Manitoba have delayed participating. http://www.latimes.com/news/local/la-me-climate-pact-20100728,0,5740672.story What do you think about the Western Climate Initiative? Also, he Western Climate Initiative, if it succeeds, would be three times larger than an existing trading system for power plants in 10 Eastern states. It would cover not just the electricity sector, but most large industrial plants as well as transportation.... Read More »
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