Traders Urge California To Adopt GHG Laws Or Face Further Revenue Losses

Carbon credit traders are putting new pressure on California lawmakers to quickly pass legislation codifying a greenhouse gas goal for 2030 and extend the state’s cap-and-trade program beyond 2020, warning that a failure to act could result in another substantially under-subscribed GHG allowance auction in August and further revenue losses for the state, according to sources. Members of the Carbon Markets Compliance Association on June 16 held a private “roundtable discussion” with California legislative staff and other stakeholders at the...