Americas > Reducing banked allowances in tightening cap-and-trade on the table at California joint committee hearing

Reducing banked allowances in tightening cap-and-trade on the table at California joint committee hearing

Published 04:20 on March 12, 2024  /  Last updated at 04:20 on March 12, 2024  / Allison Gacad /  Americas, Canada, US

ARB staff and a stakeholder panel discussed with lawmakers at a joint committee public hearing on Monday the option of reducing the pool of banked allowances, trimming free allocation, or lowering California’s emissions cap to increase cap-and-trade programme stringency, as well as the future of the scheme post 2030.
ARB staff and a stakeholder panel discussed with lawmakers at a joint committee public hearing on Monday the option of reducing the pool of banked allowances, trimming free allocation, or lowering California’s emissions cap to increase cap-and-trade programme stringency, as well as the future of the scheme post 2030.


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