The Canadian state has set a greenhouse gas emissions reduction goal of -30% compared to 2005 by 2030. In order to reach this goal, it was decided at the end of 2016 to specify a minimum price of
approximately 10 USD per ton of CO2 as of 2018. This price is increased by 10 USD every year and is set to reach about 50 USD per ton of CO2 in 2022.
From this point on, the price will be increased by 15 USD each year to reach 170 USD per ton of CO2 as of 2030. The individual Canadian provinces also have the options to determine a fixed price
per ton of CO2 or to set up greenhouse gas emissions trading systems (ETS).
In the USA, two regions currently engage in greenhouse gas emissions trading systems. The Regional Greenhouse Gas Initiative (RGGI) has established itself in the northeast of the USA and includes
seven federal states. The RGGI was the first ETS in the USA with binding greenhouse gas emissions reduction goals for individual companies. The Western Climate Initiative (WCI) is a joint
greenhouse gas emissions reduction initiative of California and four Canadian provinces. California has set a greenhouse gas emissions reduction goal of -40% compared to 1990 by 2030. With the
ETS initiated in 2012, about 85% of its greenhouse gas emissions are covered. In 2014, California and Québec merged their ETS.
Faktor Plus is constantly monitoring the developments regarding opportunities and risks for its customers.