Full Title: Oversupply Grows in The Western Climate Initiative Carbon Market
Author(s): Chris Busch
Publisher(s): Energy Innovation Policy and Technology LLC
Publication Date: December 1, 2017
Full Text: Download Resource
Description (excerpt):
The increasing importance of cap-and-trade in California’s policy portfolio increases the stakes for program design. The cap-and-trade program must be judged a success in the overall context of policies helping the state achieve its 2020 emission reduction target, and is reducing emission thanks to its price floor. The WCI cap-and-trade program is the best designed in the world. However, covered emissions have been consistently lower than the annual cap. Thus the cap-and-trade program is “oversupplied.”