In the News: “California lost $3B by delaying cap-and-trade overhaul, report says” - E&E News

E&E News writes that, according to our latest report, California lost up to $3 billion by delaying legislative and regulatory updates to the program. With respect to the foregone revenue, the articles explains, “The money would have come through California’s carbon market cap-and-trade program, which sets a yearly limit on greenhouse gas emissions and forces the state’s top polluters to buy pollution allowances. The state spends some of the allowance revenue on programs that address climate change.”

Read the full E&E News article here.