Americas > Compliance Markets & Taxes > California legislator says action necessary soon to address carbon market oversupply

California legislator says action necessary soon to address carbon market oversupply

Published 23:03 on April 21, 2022 / Last updated at 23:03 on April 21, 2022 / / Americas (Compliance Markets & Taxes, US & Canada)

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California should tackle its more than 300-mln cap-and-trade allowance glut “sooner rather than later”, while the state could fairly quickly implement certain watchdog recommendations to help rein in this oversupply, a legislative committee heard Thursday.
California should tackle its more than 300-mln cap-and-trade allowance glut “sooner rather than later”, while the state could fairly quickly implement certain watchdog recommendations to help rein in this oversupply, a legislative committee heard Thursday.


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