Low WCI allowance prices could reduce need for California refinery allocations -IEMAC

Published 22:30 on June 26, 2020  /  Last updated at 22:30 on June 26, 2020  /  Americas, Canada, US  /  No Comments

California should evaluate the future of refinery allocations under its WCI-linked carbon market if allowance prices are expected to remain near the floor price in the post-2020 period, a state watchdog said Friday, adding that regulators should also consider the impact of the supply surplus and possible auction changes.

California should evaluate the future of refinery allocations under its WCI-linked carbon market if allowance prices are expected to remain near the floor price in the post-2020 period, a state watchdog said Friday, adding that regulators should also consider the impact of the supply surplus and possible auction changes.

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