Carbon Pulse covered Near Zero’s report, California’s climate emissions are falling, but cap-and-trade is not the cause, on emission trends in covered sectors:
California’s carbon market had little to do with last year’s near-5% drop in capped emissions in the state, according to researchers.
Emissions covered by the scheme fell by 4.8% in 2016, data published last week by the state’s regulator showed, a drop led almost entirely by the power sector, which saw a 17.4 million tonne or 23.6% fall year-on-year.
But research firm Near Zero said the primary factors that caused the drop, namely a significant increase in hydro- and renewables-based generation – were unrelated to California’s carbon prices or its tightening emissions cap.
Read the full article, “Cap-and-trade not driving California’s falling emissions -report,” on the Carbon Pulse website.