POLITICO California Climate: “Newsom’s Carbon Club Gets Bigger”
RFF Senior Fellow Dallas Burtraw comments on California’s plan to merge carbon markets with Washington and Quebec.
“Proponents of linkage argue that broadening the carbon market could drive further emissions reductions by making it more efficient and less susceptible to in-state political volatility. Dallas Burtraw, senior fellow at Resources for the Future, a research-focused nonprofit, said that that group’s modeling showed a merger could mean cuts of an additional 50 million tons of carbon dioxide emissions over 20 years, or the equivalent of taking nearly 12 million gas-fueled cars off the road.
‘That’s a big deal,’ Burtraw said.”