California proposes price ceiling, reserve tier levels in draft regulation

Published 02:41 on September 5, 2018  /  Last updated at 02:49 on September 5, 2018  /  Americas, Canada, US  /  No Comments

California's Air Resources Board (ARB) on Tuesday released proposed amendments to the state's cap-and-trade programme that would set a price ceiling and reserve tiers, establish post-2020 offset rules, and offer some avenue to account for the allowance surplus resulting from Ontario's WCI exit.

California’s Air Resources Board (ARB) on Tuesday released proposed amendments to the state’s cap-and-trade programme that would set a price ceiling and reserve tiers, establish post-2020 offset rules, and offer some avenue to account for the allowance surplus resulting from Ontario’s WCI exit.

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