The California Cap-and-Trade Program and Québec Cap-and-Trade System are now officially linked with the Ontario Cap-and-Trade Program. This allows the mutual acceptance of compliance instruments issued by each jurisdiction, and the jurisdictions to hold joint auctions of greenhouse gas (GHG) allowances.
All three jurisdictions say they are confident that this successful relationship and its fight against climate change will encourage and motivate more jurisdictions in North America and around the world to follow their example.
“This auction marks the beginning of a new chapter in the global fight against climate change. California, Quebec, and now Ontario, three ‘sub-nationals’ with a population of 61million and a combined GDP that makes it the fourth largest economy on the planet, have successfully linked their programs to slash climate-changing gases to meet ambitious climate goals. This is another example of forward-looking provinces, states and regions taking effective steps today to address the looming danger of climate change,” said Mary D. Nichols, Chair, California Air Resources Board.
As part of the California’s Cap-and-Trade Program, Québec Cap-and-Trade System, and Ontario Cap-and-Trade Program, the California Air Resources Board (CARB), Québec’s Ministry of Sustainable Development, Environment and the Fight against Climate Change (MDDELCC), and Ontario’s Ministry of the Environment and Climate Change (MOECC), will hold joint GHG allowance auctions to allow market participants to acquire GHG allowances.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
