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ARTICLE · 29 JUNE 2008

Western Climate Initiative Issues Cap And Trade Design Recommendations

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The Western Climate Initiative ("WCI") recently issued recommendations for the design of North America's largest greenhouse gas ("GHG") cap and trade program.

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Article by Perkins Coie and Fasken Martineau

Originally published May 21 2008

The Western Climate Initiative ("WCI") recently issued recommendations for the design of North America's largest greenhouse gas ("GHG") cap and trade program. Before becoming effective, the recommendations must be approved and adopted by each WCI member. Some WCI members plan to require emission reporting before the end of August 2008 and emission caps to be in place as early as 2010.

Our recent update, Regional Climate Initiatives: An Overview, provides background information on WCI and other regional initiatives. This update continues our efforts to inform our clients and friends of WCI's plans to reduce regional greenhouse gas emissions, and their implications for business. WCI's recommendations focus on: (i) Scope; (ii) Point of Regulation; (iii) Allocation of Allowances; (iv) Offsets; (v) Reporting

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