I was scolded by a couple readers after posting "The Coming NAFTA Carbon Market" and a few days later "Here Comes the NAFTA Carbon Market". Told I sounded like the tinfoil hat* crowd and their dark fears of a North American Union and the new currency, the "Amero".
Taking my cue from Jimmy James (News Radio):
...but Jimmy has fear? A thousand times no. I never doubted myself for a minute for I knew that my monkey strong bowels were girded with strength like the loins of a dragon ribboned with fat and the opulence of buffalo...I stood my ground. Today CarbonPositive reports:
Mexico, Canada move on cap and trade
Momentum towards emissions trading is increasing in Mexico and Canada, as the US’s nearest neighbours heed similar moves next door under the Obama administration.I just got back from a meeting and have to check out the canned goods selection at Costco and Sam's Club, do you think I can get by without changing?
Mexico is in talks with its major emitters in the oil, power, cement, metals, chemicals and textiles industries about capping emissions and participation in a trading scheme, Bloomberg reports. These include the state-owned energy giants Petroleos Mexicanos and the Comision Federal de Electricidad.
The director of environmental issues in the foreign ministry says a cap and trade scheme is currently being designed. Rodolfo Godinez says the government wants to see caps in place as soon as possible to take advantage of green growth opportunities.
Mexico is one of the top five emitters among those nations classed as non-industrialised under UN climate change convention. As such, it faces no mandatory emissions reduction target under the Kyoto Protocol. Like other more advanced developing nations including China and India, however, it is under pressure to commit to firmer action from 2013 in any new treaty to follow Kyoto.
Mexico has already set a goal to cut emissions by 50 per cent below 2000 levels by 2050. South Korea and South Africa are in a similar position. The Koreans are exploring capping and trading emissions while South Africa has set a goal to halt the growth in its emissions by 2020-25.
Canada’s climate change policy has chopped and changed over the last three years under the Conservative Harper government. However, the election of the pro-climate Democrat Barack Obama in the US appears to have re-focused the government on climate policy action.
The Harper government was quick to talk up the idea of a single US-Canadian carbon market under a joint cap and trade scheme when Obama was elected. But the US has shunned that proposal and Canada will now go it alone, according to reports by Point Carbon quoting the chief executive of Canadian firm Carbon Capital Management, Erick Willis....MORE
From "President Obama’s First Term Looks Grim, says Gross":