The Western Climate Initiative recently announced the creation of Western Climate Initiative, Inc. (WCI, Inc.), a new non-profit corporation formed to provide administrative and technical services to support the implementation of state and provincial greenhouse gas emissions trading programs. The initial Board of Directors for WCI, Inc. includes officials from the provinces of Quebec and British Columbia, and the State of California.
WCI, Inc. will:
- Develop a compliance tracking system that tracks both allowances and offsets certificates;
- Administer allowance auctions; and
- Conduct market monitoring of allowance auctions and allowance and offset certificate trading.
Coordinating the acquisition and delivery of services through WCI, Inc. will ensure efficient technical and administrative support for the jurisdictions' emissions trading programs. By forming WCI, Inc. the participating jurisdictions are furthering their commitment to linking their respective greenhouse gas emissions trading programs. The services provided by WCI, Inc. can be expanded to support jurisdictions that join in the future.
British Columbia, California, Ontario, Quebec and Manitoba are continuing to work together through the Western Climate Initiative to develop and harmonize their emissions trading program policies. They are also continuing to work with Western, Midwestern, and Northeast states on a range of other climate and clean energy strategies through the North America 2050 Initiative. North America 2050 is a forum for states, provinces and stakeholders to identify leadership opportunities in climate and clean energy policy.
For more information, visit the WCI, Inc. website.
Western Climate Initiative Update
North America 2050 Fact Sheet