California’s Newsom proposes utilising cap-and-trade revenues to shore up budget cuts

Published 22:08 on January 10, 2023  /  Last updated at 22:08 on January 10, 2023  /  Americas, Canada, US  /  No Comments

California Governor Gavin Newsom (D) on Tuesday aimed to mitigate budget cuts to climate programmes and other initiatives by proposing to allocate proceeds from the state’s quarterly carbon market auctions.

California Governor Gavin Newsom (D) on Tuesday aimed to mitigate budget cuts to climate programmes and other initiatives by proposing to allocate proceeds from the state’s quarterly carbon market auctions.

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