B.C. in Canada to introduce cap-and-trade
The British Colombia province in Canada is over the course of the next year, taking the Canadian lead in fighting greenhouse gas emissions after Quebec recently imposed a tax on CO2 emitting hydrocarbons. Laws will be put in place by next spring, imposing limits on industrial emissions for one, allowing for the creation of a cap-and-trade system.
They are also investing in options for creating clean energy including a large scale dam, investing in energy conservation for buildings, injecting more money to the public transportation system among other eco-responsible commitments, according to an article in the Goldstream News Gazette.
“BC will be the first province to set hard caps on total emissions. Industries would then be able to buy and sell carbon credits to stay within the overall limit.
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In a speech to the Union of B.C. Municipalities convention, [Premier Gordon] Campbell compared the battle against global warming to the two world wars of the last century. “It’s not a war that asks us to give up our lives,” he said. “It’s a war that asks us to change our lives.” “