E&E News: “Carbon Markets Rebound after Bondi Fails to Report on State Programs”
Research Associate Nicholas Roy comments on the reaction of state-level carbon markets to federal intervention.
“But since Bondi missed Trump’s June 7 deadline to issue a report on potential actions, the carbon markets have bounced back, signaling waning fears of new restrictions...
‘From an economics perspective, the market price goes down when there's any threat to these programs’ existence,’ said Nick Roy, research associate at Resources for the Future, a US research nonprofit. But by June, ‘the lack of an AG report appears to have changed expectations of federal involvement.’”
