• Global Carbon Markets & Trading

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  • CME Group Announces the Launch of New Sulfur Dioxide Futures and Options Contracts
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  • Introduction of the ICE Futures ECX EUA and CER Serial Option Contracts
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Western Climate Initiative (WCI)

The Western Climate Initiative, established February 2007, is a multi-sector based cap and trade scheme designed to identify, evaluate, and implement collective and cooperative ways to reduce greenhouse gases in the region.

Partners

• U.S:  Arizona, California, Montana, New Mexico, Oregon, Utah, and Washington

• Canada: British Columbia, Manitoba, Ontario, and Quebec.

Observers

• US: Alaska, Colorado, Idaho, Kansas, Nevada, Wyoming

• Canada: Saskatchewan

• Mexico: Baja California, Chihuahua, Coahuila, Nuevo Leon, Sonora and Tamaulipas

Goal

• Goal of reducing greenhouse gas emissions by 15% below 2005 levels by 2020

Proposed Timeline

• Phase I is planned for January 1, 2012

• Phase II, which is a much broader cap, is planned to launch January 1, 2015

More Information:

• Official website
• News