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California's Carbon Market Reaches an Inflection Point
Thursday June 5, 2025. 05:24 PM , from Slashdot
![]() The poor auction performance compounds California's existing $12 billion budget deficit, as the state relies on carbon credit revenues to fund climate programs. Governor Gavin Newsom is pushing to reauthorize the program through the annual budget bill, which must pass by mid-June, but lawmakers are debating fundamental changes to pricing mechanisms and spending priorities. The uncertainty extends beyond California's borders, with Washington state exploring whether to link its carbon market to California's system and Oregon lawmakers reviving their own cap-and-trade legislation. Read more of this story at Slashdot.
https://news.slashdot.org/story/25/06/05/1523250/californias-carbon-market-reaches-an-inflection-poi...
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