The Western Climate Initiative, which consists of 7 states and 4 Canadian provinces, has released its final design recommendations for its regional cap and trade program. “The recommended design will provide opportunities to obtain low-cost emission reductions through emission trading, allowance banking and inclusion of an offsets component.” The WCI design also attempts to mitigate economic impacts. They hope that this model can stand alone and be used as a model for a federal program.

For more on the design visit: http://www.westernclimateinitiative.org/ewebeditpro/items/O104F19866.PDF