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newsrel -- California Applauds Quebec on Adoption of Amended Cap-and-Trade Program Posted: 13 Dec 2012 14:55:27
Move sets stage for review of linkage with Quebec by Governor. Contact: David Clegern 916-322-2990 Sacramento—California Environmental Protection Agency Secretary Matthew Rodriquez and Air Resources Board Chairman Mary D. Nichols today applauded Quebec on the adoption of the Province’s amended cap-and-trade regulation to allow for linking with California’s program. "Quebec's announcement demonstrates the critical role that government can play in reducing carbon emissions and addressing climate change," said Matthew Rodriquez, Secretary for the California Environmental Protection Agency. "Our two programs share a common objective and we look forward to coordinating our work in California with them.” “This step marks a significant advance in our four-year collaboration to expand climate action between our individual jurisdictions,” said ARB Chairman Mary D. Nichols. “Quebec’s action sets the stage to link our two emissions trading programs to provide a model program that other states and provinces can join.” California and Quebec have consulted closely on development of their respective cap-and-trade programs. As a result of Quebec’s action, ARB will now be requesting the Governor’s review of proposed linkage and Quebec’s program as required under AB 1532. Both Canada and Quebec have also had conversations with other cap-and-trade jurisdictions around the world as they developed their climate regulations. On November 14, 2012, California held its first cap-and-trade auction of carbon allowances. Covered parties begin full compliance starting January 01, 2013. For more information on California’s Cap-and-Trade Program, please visit: http://www.arb.ca.gov/cc/capandtrade/capandtrade.htm For more information on Quebec’s Cap-and-Trade regulation, please visit: http://www.mddep.gouv.qc.ca/changements/carbone/Systeme-plafonnement-droits-GES-en.htm