Pivotal suit against cap and trade seeing comeback

February 17, 2017 by Billy Hamshaw

(Source: Northern California Record) While the cap-and-trade program may have finished relatively strong compared to the beginning of the year, the program’s long-term future remains unsettled as critics claim that it does not possess the legal authority to go past 2020. State regulators, the California Air Resources Board (ARB) maintain their commitment to extending the program beyond 2020 and disagree with the arguments presented. “Most of the market is reasonably confident about the continuation past 2020,” Harry Horner, head of analysis for CaliforniaCarbon.info, told the Chronicle.While the lawsuit has not terminated the cap-and-trade program, it is possible that the suit could change some elements within it, the Chronicle report added. Read full article…

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