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Article: Carbon Offsets In The Western Climate Initiative: Emerging Business Opportunities.
- Article from:
- Mondaq Business Briefing
- Article date:
- July 10, 2008
CopyrightCOPYRIGHT 2008 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The state and provincial regulatory systems that ultimately emerge from the western climate initiative (WCI) and other regional initiatives will be designed to substantially reduce greenhouse gas (GHG) emissions through market-based regulation. Each will likely entail a declining cap on the amount of GHG emissions that regulated entities can emit, but will give them flexibility as to how to meet this cap.
The emergence of regional cap and trade systems, such as WCI, in conjunction with the prospect of national systems in Canada and the U.S., will likely create significant economic opportunities for those engaged in developing projects that remove or ...