22.07.2015 - Is Cap-and-Trade the Answer to North America’s Climate Woes?
Industry has been looking for a way to gain social license. Could a cap-and-trade system be the ticket – and if so, what would it cost? When Ontario announced in April that it was joining Quebec and California’s burgeoning cap-and-trade market, it meant that two-thirds of Canada’s population and one-third of its greenhouse gas emissions would soon come under a carbon trading system. Another third of Canada’s GHG emissions are in Alberta, and that’s where environmentalists immediately looked for a response. Their answer came in the form of the landslide election of the first climate-friendly NDP premier in Alberta history. And as if that wasn’t answer enough, things really took a turn for the surreal when the CEO of one of the province’s biggest emitters called on the province to get tough on taxing carbon...............................................Full Article: Source
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