Lawmakers Move Bill Requiring CARB To Consider Cap & Trade Rule Fixes

June 22, 2022
California lawmakers are advancing a new bill requiring the state air board to periodically consider changes to the rules governing its greenhouse gas cap-and-trade program, including whether and how to decrease the number of allowances and offsets that are available to regulated entities that critics say is thwarting the effectiveness of the system. “We know from recent legislative oversight hearings and expert advisory reports that California’s cap-and-trade program has too many allowances and carbon offsets, that it’s too easy for...

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