Generate: On My Screen
View on Axios website"Carbon pricing: Researchers with the think tank Resources For the Future have a new paper that explores the benefits and potential drawbacks of linking separate regional carbon pricing systems (using California and the northeast's Regional Greenhouse Gas Initiative as a test case).
It finds that linking separate systems can provide benefits, including more cost-effective reductions, but policymakers also must be aware of negative effects, including the prospect that some areas may see disproportionately little reduction in conventional air pollutants.
Why it matters: While there's little near-term hope for a unified national CO2 price, the authors see potential benefits to linking regional systems. California's recent decision to extend its cap-and-trade system through 2030 could provide new opportunities."
