California should start a cap-and-trade rulemaking concurrently with its Scoping Plan update to ensure long-term climate goals are met, while Canadian provinces could look at other carbon pricing options to comply with the federal ‘backstop’ mandate, panelists said at the North American Carbon World (NACW) conference on Thursday.
Clearblue Markets Managing Director of Origination Michael Berends was quoted as saying “I would be surprised if the provinces don’t look at the cap-and-trade program in Quebec”.
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