Policy status:In Force
Date Effective:2007
Policy Type:Economic Instruments>Market-based instruments>GHG emissions trading
Policy Target:Framework/ Multi-sectoral Policy
Agency:Provincial Governments
Description:In November 2007 in Milwaukee Wisconsin, state governors and Canadian premiers signed on to participate or observe in the Midwestern Greenhouse Gas Reduction Accord. The province of Manitoba will participate in the Accord, while the province of Ontario will have observer status. Through the Accord, leaders agreed to: 1) establish a Midwestern greenhouse gas reduction targets and timeframes consistent with member states; 2) develop a market-based, multi-sector cap and trade mechanism to support reductions; 3) join the Climate Change Registry to enable tracking, management and crediting for entities that reduce greenhouse gases; and 4) develop and implement other associated mechanisms and policies as needed to achieve reduction targets. While the Midwest has intensive manufacturing and agriculture sectors, making it the most coal-dependent region in North America, it also has world-class renewable energy resources and opportunities to allow it to take a lead role in solving the effects of climate change. The geographic location and ideologically centrist beliefs of the Midwestern region provide its leaders with an ability to push the federal policy debate in a productive direction. The design of hte cap-and-trade mechanism is due to completed in the course of 2009; draft recommendations on the programmes design were released in January 2009.

Last modified: Wed, 18 Jul 2012 16:57:00 CEST