EXCLUSIVE: New California cap-and-trade extension plan floats supply cuts, protectionist measures

Published 16:30 on July 4, 2017  /  Last updated at 01:01 on July 8, 2017  /  Americas, Canada, US  /  No Comments

California lawmakers are considering more post-2020 changes to the state’s cap-and-trade scheme, including a bank adjustment, further cuts to offset usage, and measures to protect industry in lieu of giving them free allowances, according to a new draft proposal to reauthorize the programme seen by Carbon Pulse.

California lawmakers are considering more post-2020 changes to the state’s cap-and-trade scheme, including a bank adjustment, further cuts to offset usage, and measures to protect industry in lieu of giving them free allowances, according to a new draft proposal to reauthorize the programme seen by Carbon Pulse.

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