| Sourced From |
A cap-and-trade market for harmful greenhouse gas emissions could save participants $100 billion US over the next 10 years, a carbon trade group including a handful of Canadian provinces has found.
The Western Climate Initiative estimates that its 11-member partnership can slash carbon emissions to 15% below 2005 levels by 2020 through its cap-and-trade system and other complimentary policies.
The WCI covers roughly 72% of the Canadian economy with B.C, Manitoba, Ontario, Quebec, New Brunswick and includes some west-coast states such as California.
The cap-and-trade system, officially launching in 2012, would also help realize approximately $100 billion US in net savings by 2020, it said. The savings would stem from improved energy efficiency and reduced fuel consumption, in addition to benefits from a spinoff green economy.
Related posts:
- Western Climate Initiative to Start Carbon Trading in 2012
- Ontario Enters Carbon Credit Trading Agreement, Welcomed by Schwarzenegger
- Governor advisor recommends Arizona retain carbon trade
- Governors adviser: Arizona should retain carbon trade policy
- Rosneft and Carbon Trade & Finance signed an Agreement under the Kyoto Protocol