According to an article in the Globe and Mail, the Eastern Canadian premiers and the New England governors have met and agreed to consider developing a regional cap-and-trade system to control the emission of greenhouse gases. The premiers and governors said that they are moving toward a common market in energy and will have to find ways to share emission targets as well as power and transmission costs.
New Brunswick Premier Shawn Graham says he will host a workshop on the potential for developing a regional cap-and-trade program. It is something of an about-face for the New Brunswick premier who indicated earlier he wasn't interested in such an approach. Quebec Premier Jean Charest says a cap-and-trade program is inevitable, so the premiers and governors should take the lead on developing a system.
Several northeastern states are already well along in developing a regional carbon cap-and-trade system. In time, the national governments will likely enact climate change regulation. Until then, the provinces and states will be working on developing a cap-and-trade system for North America.