California has lost up to $3B in cap-and-trade revenue over past year: Report

California whitethorn person mislaid up to $3 cardinal successful imaginable gross from a signature emissions simplification programme implicit the past year, a caller study has found. The Golden State’s cap-and-trade program — a strategy that sets emissions caps and distributes tradable credits wrong that model — has incurred these losses successful effect anemic auction results, according to…