June 4, 2017 by Ronjoy Bezbarua
(Source: Interfax Global Energy) Proposals to reform California’s emissions trading system from 2021 have drawn criticism from some market participants, but environmental lobbyists insist the current scheme is not fit for purpose. The state’s governor, Jerry Brown, is seeking legislative approval to extend the scheme in its current guise from 2021 to 2030. However, environmental lobbyists and legislators have tabled alternative bills that would strip away elements of the market that are common to many other emissions trading systems around the world. Read full article….
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