Third quarterly California carbon market auction of 2017 completely sells out of allowances at highest auction price in system history, but additional allowance sales could undercut efforts to get on track for the state’s ambitious 2030 emissions reduction goal.
A court decision vacating EPA’s rule to reduce HFCs could diminish the Obama Administration’s legacy, cost up to 9.5 billion metric tons avoided emissions, slow economic gains by U.S. companies and consumers, and block the U.S. from its climate action commitment under the UN’s Kigali Amendment.
Analysis by EI’s Chris Busch is featured in a Carbon Pulse article forecasting that all remaining California cap-and-trade auctions will sell out through 2020.
