A Carbon Pricing Work in Progress
A Carbon Pricing Work in Progress
California may be on the way toward replicating the experience of the Regional Greenhouse Gas Initiative, as it moves beyond early stages into full operation as a cap-and-trade system. It formally partners with one Canadian province, Quebec, and has begun to expand beyond its original focus on electricity. The program has experienced a number of significant challenges to longer-term operations but has retained a strong base of political support and could be poised to become a leading example of cap-and-trade effectiveness.
Keywords: cap and trade, carbon, price, pricing, policy, political, emission, California, Quebec
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