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California, Quebec move to cross-carbon trade

Posted by: on Thursday, 10 May 2012

It is the first cross-border carbon trading system created since 2005, when the European Union introduced such a trading network to help it meet emissions limits set by the Kyoto Protocol, a treaty that went into effect that year.

For advocates of market-based systems, the linking of the two systems is a significant step forward. But the move, involving just one state and one province, underscores the incremental and scattershot way that governments are generally adopting regulations to slow climate change.

Read more: http://www.nytimes.com/2012/05/10/business/energy-environment/california-and-quebec-to-allow-cross-border-trading-of-emissions-permits.html