Manatt Professional Talks to Platts on California and Quebec's Cap-and-Trade Deal
"U.S. Emissions Policy: Not Dead, Just Different"
Platts Energy Economist
May 2013 – Manatt's Jon Costantino, a senior adviser in the firm's Climate Change, Environmental and Clean Energy Policy Practice, spoke to Platts Energy Economist about how California is tackling climate change through its carbon dioxide cap-and-trade program.
Platts Energy Economist reports that the California Air Resources Board recently decided to link its cap-and-trade program with Quebec's. Though the agreement will do little to reduce carbon dioxide emissions, it is an important deal because it opens the way for others to join.
Quebec paved the way by working out the logistics of meshing with the California system, said Costantino. Others have also inquired about the California program, including the EU and Australia, said Costantino, who helped develop California's program while serving as climate change planning manager at CARB.
"Everybody is calling California because the program is working and they want to know how they can mesh up. But it is small steps, and who is next I don't know," he said.