California, China, Offer Two Visions of Greener World
Episode Description
California has become the first state in the U.S. to adopt a cap-and-trade system to reduce carbon emissions, while China appears to be taking the carbon tax route. What's more, California has just reached an agreement with Quebec to exchange carbon permits. Watch for more to get done to reduce climate-changing greenhouse gases at the state, provincial local levels than at the federal level in certain countries.
Brief Summary
The episode covers carbon tax implications and state-level carbon trading systems in the US.
Key points
- California's Carbon Trade System. California's carbon trade system is being watched closely as a potential model for the US.
- Multilateral Relationships in Carbon Trading. Quebec and California have begun exchanging carbon permits, showcasing international cooperation.
