California ARB holding public workshop to discuss linking California cap-and-trade to other carbon trading programs
The California Air Resources Board (ARB) will hold a public workshop on 3 February in Sacramento to discuss linking the California Cap on Greenhouse Gas Emissions and Market-Based Compliance Mechanisms Regulation (cap-and-trade program) to other carbon trading programs.
The California Cap on Greenhouse Gas Emissions and Market-Based Compliance Mechanisms Regulation became effective on 1 January 2012.
California has been participating in the Western Climate Initiative (WCI) and is considering formally linking the California cap-and-trade program to other trading programs in order to create a regional cap-and-trade program. The Canadian province of Québec has also developed a market-based regulation consistent with the WCI design principles. (Earlier post.)
This workshop will present staff’s initial work in developing a proposed regulation to link California’s cap-and-trade program with Québec’s cap-and-trade program, including reporting requirements.