The Economist: “California’s Carbon Market Reaches an Inflection Point”
An article about California’s cap-and-trade program mentions research conducted by a team at RFF.
“What happens in California matters elsewhere in the country. Washington is exploring whether to link its carbon market to California’s, which is already connected to Quebec’s. Because California has a glut of allowances, a link would drop Washington’s price, leaving the Evergreen State poorer. But a report from Resources for the Future, a think-tank, suggests that overall emissions in the region would decline. Washington is also looking for stability. Last year a ballot measure to repeal cap-and-trade was rejected, but it spooked the state’s climate hawks.”
