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California's Draft Cap & Trade Price Ceiling, Offset Changes Draw Concern

March 09, 2018
Draft proposals by California air board officials to implement significant changes to the state's greenhouse gas cap-and-trade program are sparking concern from key stakeholders, including a proposed 2030 allowance price ceiling of up to $150, options to ensure more GHG offset credits result in in-state emission cuts, and consideration of whether the program is "over-allocated" with allowances. "We do not believe that there is sufficient support for the very high ceiling price of $150, which comes from a single company's...

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