Schwarzenegger Meets With German Minister To Discuss Carbon Trading

August 30, 2007

Email this story Print this post Add your comments

Gov. Arnold Schwarzenegger and Frank-Walter Steinmeier, Germany’s foreign minister, plan to begin talks today about how California could work with the European Union to create a system that would allow companies to buy and sell credits for emission reductions, The San Francisco Chronicle reports.

In January, members of EU Environment Commissioner Stavros Dimas’ staff met with Californian officials to discuss how to bring the state into the 27-nation bloc’s trading scheme for greenhouse gas emissions. “We are trying to make their trading scheme harmonized in order to have them linked in the future,” Dimas said at the time.

California’s AB32 bill, signed last year, requires the state to reduce emissions of carbon dioxide and other gases to 1990 levels by 2020 and to draft the plan by 2011. The EU states have had dealing with emissions certificates since 2005.

“A big push in reduction will come from a carbon-trade system,” said BreAnda Northcutt, spokeswoman California’s Environmental Protection Agency. “It is the most effective way to achieve our goals.”

The Chronicle reports that, according to a report from Ecosystem Marketplace, California companies like Yahoo, Google and Pacific Gas and Electric Co. have announced that they will buy offsets from voluntary markets.

The Regional Greenhouse Gas Initiative, an alliance of nine northeastern states, wants to start a cap-and-trade emissions program in January 2009.

Email this story Print this post Add your comments

Advertisers

Make sustainability part of your strategy.

Get equipped at the SAP Sustainability Resource Center. >>

Unclear about the EPA's new GHG Rule?

Learn how it could affect your business. >>

EPA mandatory emissions reporting starts Jan 1st

CSA Standards can help your organization get ready for compliance. Find out how. >>

Best Practices: Product Environmental Compliance

How to achieve compliance at a significantly lower cost. Download the full report. >>

Join the Discussion

Recent Daily News [ see all ]

11/20/2009
11/19/2009
11/18/2009

Charts [ see all ]

European Paper Industry Cuts CO2 Emissions by 42% since 1990

S. America Takes Most Urgent View of Copenhagen Talks

Nike Tops Annual Climate Action Scores

Oceans May Trap more Carbon than Forests

Jobs

View All Jobs >> Post a Job >>

Comments and Discussions

Trade Association on Trade Group on EPA Chemical Regs: ‘If Everything is a Priority, Then Nothing is a Priority’
"Seriously… that..."

Gary Markowitz on Supermarkets Tackle Emissions Reductions, Fuel Efficiency
"Supermarkets waste over 10 percent of their energy through improper..."

peter in ireland on Ontario May Follow California’s Lead on TV Energy Efficiency
"Governor Schwarzenegger is shooting himself in the foot! 1...."

Environmental Leader on S. America Takes Most Urgent View of Copenhagen Talks
"The survey respondents (the PDF report mentions 4,000 respondents in 38..."

Jake on UPS Trying New Hydraulic Hybrid Trucks
"A point of clarification: the Reuters press release referenced herein reports that 20 UPS will purchase..."

Custom Organic Shirts on S. America Takes Most Urgent View of Copenhagen Talks
"90% of North Americans believe it is urgent to get a global climate..."

peter dublin on California City’s Green Building Ordinance Applies to Commercial Buildings
"Why energy efficiebnt regulation on buildings –..."

Environmental Leader