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Industry Concerns Spur California To Rethink Post-2020 GHG Cap 'Assistance'

April 19, 2017
Responding in part to industry concerns about jobs and greenhouse gas “leakage” to other states, California air board officials have removed portions of their proposed post-2020 amendments to the cap-and-trade program concerning “assistance factors” for industrial sectors, which come in the form of free allowances to help firms meet declining caps. The proposed changes would have curtailed the number of free allowances to companies, requiring them to either pay substantially more for allowances to comply or reduce emissions on site...

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