November 10, 2011 -The Western Climate
Initiative has established Western Climate Initiative, Inc. (WCI,
Inc.), a new non-profit corporation to provide administrative and
technical services to support the implementation of state and
provincial greenhouse gas emissions trading programs.
The initial Board of Directors of WCI, Inc. includes officials
from the provinces of Quebec, 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. (www.wci-inc.org) and WCI (www.westernclimateinitiative.org) websites.