A new analysis of California’s carbon market finds that low demand could continue for the next year and a half, but eventually rebound to the tune of $8 billion through 2020. Based on state data on supply and demand, Chris Busch of advisory firm Energy Innovation said last week that revenues might stay well below their full potential through mid-2018, then rise to 70 to 80 percent through 2020, when the cap ratchets down further.
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