San Francisco - Seven US West Coast states and four Canadian provinces are to introduce a market-based emissions-trading scheme aimed at reducing carbon dioxide emissions, news reports said Thursday.
The Western Climate Initiative - comprised of the US states of California, Arizona, Montana, New Mexico, Utah, Oregon and Washington and the Canadian provinces of British Columbia, Manitoba, Ontario and Quebec - released a draft proposal for the programme Wednesday, the San Francisco Chronicle newspaper said.
Trading was to officially start in 2012.
The initiative was launched in February 2007 with the aim of dramatically reducing greenhouse gas emissions on a regional level by 15 per cent from 2005 levels by 2020.