Americas > Amended New York budget eschews cap-and-trade design details, focuses on revenue investments

Amended New York budget eschews cap-and-trade design details, focuses on revenue investments

Published 23:13 on May 2, 2023  /  Last updated at 23:13 on May 2, 2023  / /  Americas, US

New York lawmakers dropped virtually all programme design-related elements for the state’s economy-wide cap-and-trade system in a revised budget package presented Monday, instead merely detailing how the Empire State will distribute allowance revenues via rebates or climate investments.
New York lawmakers dropped virtually all programme design-related elements for the state’s economy-wide cap-and-trade system in a revised budget package presented Monday, instead merely detailing how the Empire State will distribute allowance revenues via rebates or climate investments.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, log in here.