Prospects for the California Emissions Market, with Dallas Burtraw
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Cap and Trade - Is There a Market Surprise?
One approach would be a to address the price of allowances by increasing the price floor, or better, perhaps to add one or multiple additional price steps. Another is something equivalent to the california situation, where in 20 23, if things go as expected, a full year's worth of allowances will essentially not enter the market. And so this is a potentially an opportunity, because it could mean that there could be more value oing to the greenhouse gas reduction fund,. which in turn makes more money for investments in climate related goals.
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