Americas > Over-allocated California-Quebec carbon markets to miss 2030 emissions targets -study

Over-allocated California-Quebec carbon markets to miss 2030 emissions targets -study

Published 02:55 on April 27, 2024  /  Last updated at 02:55 on April 27, 2024  / Joan Pinto /  Americas, Canada, US

The joint WCI carbon market’s generous allowance budgets are likely to be ineffective in reaching the jurisdictions’ CO2 reduction targets for 2030, academic researchers warn, instead recommending large cap adjustments or widened scopes while likening the cap-and-trade system to an overly complicated carbon tax.
The joint WCI carbon market’s generous allowance budgets are likely to be ineffective in reaching the jurisdictions’ CO2 reduction targets for 2030, academic researchers warn, instead recommending large cap adjustments or widened scopes while likening the cap-and-trade system to an overly complicated carbon tax.


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