Canada says no thanks to cap and trade but still into regulation

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Canada has for the moment succumbed to regulating their atmosphere but will hold off on cap and trade, which even the UK Guardian admits should end.

1/26/11, "Minister rejects national cap-trade system," Montreal Gazette, by Mike De Souza, Post Media News

"Canada's new environment minister, Peter Kent, is rejecting the advice of a government advisory panel that has urged him to moved ahead with made-in-Canada climate change policies, despite uncertainty about United States measures and regulations.

In a report titled Parallel Paths: Canada-U. S. Climate Policy Choices, the National Round Table on the Environment and the Economy said Tuesday that Canada's plan to harmonize its climate change policies with the U.S. is "sensible and realistic."

But it also recommended the government implement

• transitional measures,
  

such as the introduction of a national cap-and-trade system in which large industrial polluting companies would be required to buy credits from greener companies that are reducing emissions

• at a price set by the market....

Kent, who was in Washington for meetings with his U.S. counterparts, said the Conservative government is not interested in setting up a Canadian cap-and-trade system on its own.

"We have no plan to do that at the moment," said Kent, who took on his new portfolio

• following a cabinet shuffle in early January.

"We've chosen to move ahead with regulation and we believe that we're seeing early results."...

He noted that his government has already worked with the U.S. on regulations to limit tailpipe emissions in vehicles and is continuing to develop regulations for trucks, while it is ahead of the U.S. in terms of planning regulations to crack down on emissions from coal-fired electricity.

The coal electricity draft regulations are expected to be introduced in the spring."

via Climate Depot