Americas > New York Senate budget proposal bans trading in cap-and-invest programme, enables RGGI linkage

New York Senate budget proposal bans trading in cap-and-invest programme, enables RGGI linkage

Published 20:46 on March 20, 2023  /  Last updated at 20:46 on March 20, 2023  / Matthew Lithgow /  Americas, US

The New York Senate put forth an annual budget last week that prevents allowance trading in Governor Kathy Hochul’s (D) proposed economy-wide carbon market and fosters linkage to the RGGI programme, though it is unclear if the executive branch and Assembly will agree to the language as end-month negotiations ensue.
The New York Senate put forth an annual budget last week that prevents allowance trading in Governor Kathy Hochul’s (D) proposed economy-wide carbon market and fosters linkage to the RGGI programme, though it is unclear if the executive branch and Assembly will agree to the language as end-month negotiations ensue.


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