Quebec launches cap-and-trade program

Source: IStockAnalyst

QUEBEC CITY, Dec. 16 (UPI) — Quebec has adopted a cap-and-trade program aimed at cutting carbon emissions.

“We are participating in the emergence of an economic tool that will transform one of the most significant environmental challenges of the 21st century into a real trampoline toward a green, prosperous and sustainable economy,” Quebec Environment Minister Pierre Arcand said Thursday in announcing the program.

Quebec aims to reduce greenhouse gas emissions 20 percent below 1990 levels by 2020.

The move comes three days after Canadian Environment Minister Peter Kent announced that Canada would formally withdraw from the Kyoto Protocol, a decision Arcand called “utterly regrettable.”

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