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Cap-and-Trade Is Catching On in the Trump Era

  • California, Quebec to link up with Ontario next year
  • New Jersey, Virginia may join Northeast regional market
A bulldozer moves coal that will be burned to generate electricity at the American Electric Power Co. Inc. coal-fired John E. Amos Power Plant in Winfield, West Virginia, U.S.
Photographer: Luke Sharrett/Bloomberg
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Regional carbon markets are expanding in North America, putting a price on emissions from more power plants even as President Donald Trump seeks to ease restrictions on coal companies.

Officials in New Jersey, Pennsylvania and Virginia are showing interest in joining the nine-state Regional Greenhouse Gas Initiative led by New York, and Canada’s Ontario plans to join California’s market with Quebec next year.