Mitch Jones: Cap and Trade Auction Reveals Weakness of Market-Based Climate Policy

May 20, 2020 – Today, California is conducting its quarterly auction of pollution allowances under the state’s cap-and-trade program. Due to the massive drop in fossil fuel demand, analysts expect the auction to generate substantially less revenue than anticipated. In response, Food & Water Action Policy Director Mitch Jones released the following statement: Today’s carbon […]

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