Americas > Compliance Markets & Taxes > Carbon market watchdog questions California regulator’s cap-and-invest proposal

Carbon market watchdog questions California regulator’s cap-and-invest proposal

Published 23:55 on February 11, 2026 / Last updated at 23:55 on February 11, 2026 / / Americas (Compliance Markets & Taxes, US & Canada)

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Members of California's Independent Emissions Market Advisory Committee (IEMAC) criticised the state's cap-and-invest programme rulemaking on Wednesday for lacking analytical justification on allowance budgets and projecting revenues far below legislative expectations.
Members of California's Independent Emissions Market Advisory Committee (IEMAC) criticised the state's cap-and-invest programme rulemaking on Wednesday for lacking analytical justification on allowance budgets and projecting revenues far below legislative expectations.


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