WCI expands – Soon to include New Mexico

Posted on November 19, 2010 by

The Environmental regulator of New Mexico, Environmental Improvement Board (EIB) has recently approved GHG cap-and-trade program. This program will allow the state to participate in the Western Climate Initiative (WCI). The program is scheduled to begin in 2012 and it would affect around 63 large industrial sources in New Mexico, including electricity generators and the largest emission sources in the oil-and-gas sector.

Under this program, the affected sources in New Mexico must reduce their CO2e emissions by 2 percent every year from 2010 levels until 2020 or acquire equivalent emissions credits from other participants. There’s a clause that will make sure that New Mexico’s cap-and-trade program will not be triggered unless sources of at least 100 million tons of emissions are subject to the GHG reduction controls in the WCI.

The WCI states include Arizona, California, Montana, New Mexico, Oregon, Utah, and Washington. It also includes the Canadian provinces of British Columbia, Manitoba, Ontario, and Quebec