On November 2, Californian voters will be asked to approve Proposition 23, which would suspend the 2006 California Global Warming Solutions Act (AB 32) until the state unemployment drops to 5.5 percent or less for four consecutive quarters.
If voted in, the measure could put a state renewable energy target on hold, as well as the regional emissions trading market called the Western Climate Initiative (WCI).
...
"We have historically seen a huge suspicion in the U.S. toward emissions trading and especially offsetting. If Prop. 23 goes through, it would send a very bad signal to the voluntary market which is still very thin (there)," said Sascha Lafeld, executive board member at carbon asset manager First Climate.
...
Read more: http://in.reuters.com/article/idINTRE69Q20820101027
You are here: http://www.firstclimate.com » Press & Events
Press Clipping
First Climate in Reuters: California vote could hurt voluntary CO2 market
A ballot measure to suspend a Californian global warming law could stall activity in the voluntary carbon market if it is passed next week, market players said on Wednesday.
London, October 27, 2010
Contact
First Climate AG
Press Department
Industriestr. 10
61118 Bad Vilbel - Frankfurt/Main
Germany
Head Corporate Communications
p: +49 (0)6101 55658-34
f: +49 (0)6101 55658-77
E-Mail: press@firstclimate.com
© 2011 First Climate | Bad Vilbel - Frankfurt/Main · Zurich · Luxembourg · Santiago de Chile · Beijing · Kolkata · Sydney
