Carbon Trading Timeline
I've been hearing a lot of questions lately about what I expect the timeline for carbon trading to be in the United States. So, very quickly here is what it looks like.
June 30 2007: California Climate Registry must publish discrete early action greenhouse gas emission reduction measures that can be implemented prior to January 1, 2012.
3rd Quarter 2007: I believe APX will be hired by California Climate Registry to administer trading program
January 1 2008: By this date California must pass legislation to require monitoring and reporting of GHG emissions by "beginning with the sources or categories of sources that contribute the most to statewide emissions."- AB 32
2nd Quarter 2008: Agreements will be made between NEPOOL, PJM, and ERCOT to make RECs fungible with the developing carbon market based on local emission factors of RECs
January 1 2009: Regional Greenhouse Gas Initiative begins
January 1 2009- January 1 2010: Midwest Greenhouse Gas Initiative likely to begin
January 1 2011: California Climate Registry deadline for early action
January 1 2012: California Climate Registry allocates allowances and trading begins
I expect that California will continue to explore joining Kyoto and will indeed move up its allowance trading by at least 1 year. I expect the United States to ratify Kyoto in the year 2009 and will join for Phase III trading in 2013.
I've been hearing a lot of questions lately about what I expect the timeline for carbon trading to be in the United States. So, very quickly here is what it looks like.
June 30 2007: California Climate Registry must publish discrete early action greenhouse gas emission reduction measures that can be implemented prior to January 1, 2012.
3rd Quarter 2007: I believe APX will be hired by California Climate Registry to administer trading program
January 1 2008: By this date California must pass legislation to require monitoring and reporting of GHG emissions by "beginning with the sources or categories of sources that contribute the most to statewide emissions."- AB 32
2nd Quarter 2008: Agreements will be made between NEPOOL, PJM, and ERCOT to make RECs fungible with the developing carbon market based on local emission factors of RECs
January 1 2009: Regional Greenhouse Gas Initiative begins
January 1 2009- January 1 2010: Midwest Greenhouse Gas Initiative likely to begin
January 1 2011: California Climate Registry deadline for early action
January 1 2012: California Climate Registry allocates allowances and trading begins
I expect that California will continue to explore joining Kyoto and will indeed move up its allowance trading by at least 1 year. I expect the United States to ratify Kyoto in the year 2009 and will join for Phase III trading in 2013.
posted by CarbonTrader at 8:18 PM
4 Comments:
Keep up the good work.
Great post. I’ve learned a lot from your blog so far. Thanks...
Online Future Trading
Wonderfully informative site-thank you-Betty
Great site!!! Check it out-Google CEO Schmidt says punching down into the earth to capture natural and clean geothermal energy could help move the United States away from it's dependence on petroleum-Dec.16,2008-Betty http://www.geothermalquestions.net
Post a Comment
<< Home