California May Maintain Cap & Trade Rules Amid Calls For Tighter Limits

Key California lawmakers appear poised to largely maintain rules for the state’s greenhouse gas cap-and-trade program in 2021, despite calls by environmental justice (EJ) groups and others for higher credit prices and fewer free allocations to industry sectors to help the state reach its 2030 and longer-term emissions targets. The ongoing debate over the carbon trading program in the Golden State could also inform federal discussions over carbon pricing, particularly as EJ opposition to such pricing programs has caused many...