California Air Resources Board plans carbon market suspension and Quebec linkage
- Reports
- 3
- Developments
- 1
- Repetition
- 67%
New informationRepeats or wire copies
What happened
The California Air Resources Board plans to suspend its carbon market program and link it with Quebec. Previously, Governor Gavin Newsom announced plans to link California's carbon market with Washington state, aiming to merge it with the market California already shares with Quebec. The cap-and-invest program, which provides billions of dollars in funding, has faced challenges.
From lostcoastoutpost.com
Why it matters
The announcement represents a major shift in regulatory policy for greenhouse gas emissions in California. The integration and suspension of the market could alter the economic funding structure of climate programs and change the operational scope of the carbon market.
Coordinated steps were taken to advance Washington state's entry into the combined California-Québec carbon market.
From lostcoastoutpost.com
Who's involved
- California Air Resources BoardThe clean air agency that announced the suspension and linkage plan.
- QuebecThe province of Canada whose market will be linked with California's.
- Gavin NewsomThe governor who previously unveiled the plans to link California's market with Washington state.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Southern California EdisonSpeculative
Southern California Edison might see changes in energy generation and utility pricing due to shifts in carbon market costs.
Keep exploring
The entities involved
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California Air Resources Board
clean air agency in the government of California
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Quebec
province of Canada
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Gavin Newsom
40th governor of California since 2019
Related events
- Gavin Newsom appoints members and issues mandates affecting the California Energy Commission.
- Governors Schwarzenegger and Newsom held a climate leadership summit in Long Beach, discussing EPA standards.
- The California Health and Human Services Agency implemented initiatives announced by Governor Newsom.