Monday, June 02, 2008

Ontario and Qubec start cap and trade scheme.

Treehugger today picked up a story about Ontario and Qubec who are jointly moving ahead with a ghg emission cap and trade scheme. The significance of this is twofold, influence and direct impact. In terms of influence we are all hoping that the Canadian govornment will get its act together and put a federal system together; also Canada is one of the few countries that feature highly in the American conciousness so hopefully this will add futher to the pressure on US congressmen to implement a system soon. Lets just hope that in both cases we get progress soon, and we get progress worthy of the title.

In terms of direct impact Ontario and Qubec are only two of 13 provences but they have 60% of the population so it's more than a purely symbolic scheme. However when Alberta is convered by such a scheme the rest of the world will rest a little easier; there is a lot of very dirty carbon intensive oil shale in Alberta and it needs to stay in the ground.

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