Carbon Offsets In The Western Climate Initiative: Emerging Business Opportunities
Mondaq Business Briefing › Canada Law Articles in English (2008)
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Carbon Offsets In The Western Climate Initiative: Emerging Business Opportunities
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 reduce GHG emissions in non-regulated sectors. This bulletin provides an overview of some of these opportunities....See the full content of this document
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