California Explores Greenhouse Trading Links with New York, RGGI States

On October 16, 2006 California Governor Arnold Schwarzenegger and New York Governor George Pataki announced plans to link emissions trading between the carbon markets being developed for California and the states participating in the Northeastern Regional Greenhouse Gas Initiative (RGGI) which currently include New York, New Jersey, New Hampshire, Connecticut, Delaware, Maine, and Vermont (Maryland will join at the end of June 2007). Governor Schwarzenegger’s announcement included an executive order that will name California Secretary for Environmental Protection Linda Adams as coordinator of state climate change policy, directing her to work with the California Air Resources Board to develop a plan that will link emission credit markets in California with those being developed by RGGI. By combining markets, California and the RGGI states hope to achieve their emissions reductions targets in the most efficient manner possible.

Press Release
Executive Order S-17-06