Revised California 2020-21 budget outlines lower ETS revenues

Published 21:37 on May 15, 2020  /  Last updated at 21:45 on May 15, 2020  /  Americas, Canada, US  /  No Comments

California Governor Gavin Newsom’s revised budget proposal released Thursday anticipates reduced revenue from quarterly cap-and-trade auctions in the next fiscal year, with a flexible mechanism to allocate funding based on future ETS proceeds.

California Governor Gavin Newsom’s revised budget proposal released Thursday anticipates reduced revenue from quarterly cap-and-trade auctions in the next fiscal year, with a flexible mechanism to allocate funding based on future ETS proceeds.

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