Unpacking the WCI: Balancing stability and flexibility
Climate and Energy Cap-and-trade Carbon Pricing WCI Wonk WednesdayIn the previous instalment of our summer blog series Unpacking the Western Climate Initiative (WCI), we took a look at the legal uncertainty facing the California cap-and-trade system, one of two key drivers of the recent undersubscribed allowance auctions. In this blog we’ll look at the second driver—permit oversupply—and why the smart design of the […]