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.


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