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California tables new cap-and-trade plan that challenges Ontario, Quebec

from The Globe and Mail

California's Senate proposed a new and more ambitious carbon credit cap-and-trade system this week, challenging Ontario and Quebec to do the same or get left behind. Quebec and California have a linked carbon credit market that expires at the end of 2020. Ontario held its first carbon credit auction in March and intends to link to the California-Quebec system in 2018.

Both provinces, however, will need to adapt to California's proposed reforms if they want to continue working with the state after 2020, said Jessica Green, professor of environmental studies at New York University. more


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