California legislator says action necessary soon to address carbon market oversupply

Published 23:03 on April 21, 2022  /  Last updated at 23:03 on April 21, 2022  /  Americas, Canada, US  /  No Comments

California should tackle its more than 300-mln cap-and-trade allowance glut “sooner rather than later”, while the state could fairly quickly implement certain watchdog recommendations to help rein in this oversupply, a legislative committee heard Thursday.

California should tackle its more than 300-mln cap-and-trade allowance glut “sooner rather than later”, while the state could fairly quickly implement certain watchdog recommendations to help rein in this oversupply, a legislative committee heard Thursday.

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