Calif. Pushes Joint Cap-And-Trade Market With Quebec

Law360, Chicago (May 11, 2012, 4:01 PM EDT) -- California proposed new air regulations on Wednesday that would link the state's greenhouse gas cap-and-trade program to a similar system in Quebec, allowing for cross-border auctions of emissions permits that could soon include other Canadian provinces.

The California Air Resources Board said that the state's cap-and-trade program, which is set to begin enforcing emission caps in 2013, was designed to link with other similar systems and that future partners may include Ontario and British Columbia.

"Linking provides more options to California businesses and lays the groundwork...
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