Coast to coast carbon market?

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Posted by Neno Duplan

Last week New York Governor Andrew Cuomo said he would be directing his administration to “explore the possibility” of linking the Regional Greenhouse Gas Initiative (RGGI) and California-Quebec carbon markets, and went further to promote a North American-wide carbon market. No official statements have been released regarding the Governor’s comments by RGGI or CARB; however one CARB spokeswoman said that the Board is “committed to working with others to expand the number of jurisdictions that put a price on carbon.” Carbon trading among U.S. states, while not explicitly built into the Clean Power Plan, could still play a key role under the bill in helping states maintain reliable power, said acting Environmental Protection Agency air chief Janet McCabe. The difficulty lies in aligning individual state trading programs and regulations, but the EPA has accounted for this by allowing for “trading-ready” approaches that allow several states to submit a plan as a group.

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