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Prospects for the California Emissions Market, with Dallas Burtraw

Resources Radio

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California's Allowance Bank

There's 321 million allowances that reside in private accounts. This is greater than the annual, annual issuance of new lowances. There's another 274 million allowances in public accounts that would re enter the program if prices rise to a level that triggers ar release of allowances. So it looks like, while there's o these very ambitious goals, there's also this large bank of allowances that could come back into the market and enable greater emissions.

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