Webcast sheds spotlight on cap and trade program

A sneak peak at the Western Climate Initiative (WCI) Work Plan occurs Tuesday during a pre-release online webcast for public critique. The U.S. and Canadian initiative created the document detailing recommendations for the WCI Regional Cap and Trade Program.

The critique is the final step toward the official release of the document on Wednesday. The document details cost-benefit scenarios of an implemented cap and trade system.

The report is “highly critical of a major greenhouse gas emissions plan recently proposed by several Western governors as part of the Western Climate Initiative,” said Jim Sims, president of Western Business Roundtable in a press release. “This study unveils a new analysis that shows how the United Nations International Panel on Climate Change predicts a temperature benefit from the WCI Cap and trade plan of only one-ten-thousandth of one degree celsius over a century of operation. This benefits analysis, based entirely on IPCC science, may have a significant impact on the cost-benefit debate on climate plans soon to be launched in the U.S. Congress.”

The webcast begins at 3 p.m. Mountain time. To register and for more information visit: https://www1.gotomeeting.com/register/864605951.