Cap-and-Trade Design: WCI Recommendations

Law360, New York (June 13, 2008, 12:00 AM EDT) -- The Western Climate Initiative ("WCI"), a collaboration among certain U.S. states and Canadian provinces, recently issued recommendations for the design of North America's largest greenhouse gas ("GHG") cap-and-trade program.

Before becoming effective, the recommendations must be approved and adopted by each WCI member. Some WCI members plan to require emission reporting before the end of August 2008 and emission caps to be in place as early as 2010.

WCI’s recommendations focus on (i) Scope; (ii) Point of Regulation; (iii) Allocation of Allowances; (iv) Offsets; and (v)...
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