State drops out of regional carbon trading scheme
Arizona has pulled out of the Western Climate Initiative (WCI) cap-and-trade scheme over fears it would put the state at a competitive disadvantage.
Arizona governor Janice Brewer issued an executive order on February 11, announcing the state would not implement the greenhouse gas (GHG) cap-and-trade proposal advanced by the WCI, which is set to begin on January 1, 2012.
The executive order released yesterday by Brewer said: “Imposing costs on Arizona’s economy associated with a GHG cap-and-trade system that are not borne by national and international rivals would cost investment and jobs in Arizona and put Arizona at a competitive
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