Carbon Trading Backers Detail Key Barriers To Washington-California Link

Two groups that support expanding carbon credit trading are laying out key barriers to linking Washington state’s forthcoming “cap-and-invest” program to California’s existing cap-and-trade system that is already linked with Quebec’s, in the hopes of convincing state regulators to aggressively address the issues and seek linkage in the long term. “This paper outlines three areas (noncompliance penalties, price ceilings, and cap setting) that must be addressed before formal linkage occurs and where California and Washington can further incrementally align their...