Eight members of the Western Climate Initiative (WCI) announced a regional goal to reduce greenhouse gas emissions to 15% below 2005 levels by 2020. British Columbia and Manitoba have joined Arizona, California, New Mexico, Washington and Oregon in this commitment.
The objective is to be met through a multi-sector market based mechanism such as a cap-and-trade program by the end of August 2008. The targeted sectors include power plants, industrial plants, energy supply, transportation, agriculture, forestry and waste management. The WCI states and provinces have also committed to establishing a greenhouse gas emissions registry.
Four U.S. states (Colorado, Kansas, Nevada and Wyoming), three Canadian provinces (Ontario, Quebec and Saskatchewan) and one Mexican state (Sonora) are observers to the Western Climate Initiative.
For more information see: http://www.environmental-finance.com/onlinews/0823nor.htm