NAFTA partners eye continental carbon scheme

From The Globe and Mail: “The United States has agreed to work with Canada and Mexico to develop a North American carbon market that would allow Canadian emitters to meet some portion of their targets through purchasing credits in the vast NAFTA marketplace. The agreement by leaders from the three countries could help keep down compliance costs for Canadian emitters, while expanding the market for renewable energy companies and others that create carbon credits with projects in Canada. “This is the first time the three North American leaders have been together and have started to flesh out the elements of a continental approach to this,” Environment Minister Jim Prentice said in a telephone interview.”

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