ClimateWire: Regulators study a 'trade-ready' CO2 emissions trading system that would not require state legislative approval

July 14, 2015

In a ClimateWire story by Scott Detrow, Kate Zyla comments on multistate compliance options under the Clean Power Plan. Zyla's comments came during her remarks at the National Association of Regulatory Utility Commissioners' summer committee meetings in New York City. 

As the final rollout of U.S. EPA's Clean Power Plan gets closer, a growing number of analysts and state officials are rallying around the idea of "trade-ready" multi-state compliance plans as the best way to meet the rule's ambitious carbon-reduction goals, according to the story.

Kate Zyla, deputy director of the Georgetown Climate Center, said EPA could play a role in getting these trading initiatives rolling by setting base-line criteria for what states would need to swap allowances with each other. "Once approved to be in that system, your regulated parties are given to buy and sell allowances from others in any other state that's also approved to be in that system," Zyla said. One advantage to that type of optional multi-state approach, she said, is that "you don't have to worry about who you're working with, who you're partnering with. You don't have to worry about whether someone else joins or leaves" the market.
 

Read the full story in ClimateWire