Q&A: Price floor key to California auction results

In this interview, Busch discusses the results from the recent California allowance auction and the future of the state’s cap-and-trade program. “The selling of the full amount of current vintage allowances that were offered was the outstanding feature of the results… The price floor has had a significant effect in rebalancing supply and demand. I would say it is safe to assume we are not going to see a return to the very low sales of the last year.”

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