California lawmakers passed a bill that may stall plans for a link of the state’s cap-and-trade system with Quebec that would allow companies to exchange carbon permits across the borders.
The measure, approved as part of the legislature’s $95.1 billion budget package, requires the state’s air resources board to gain approval from the governor before linking cap-and-trade systems with other jurisdictions. The board was expected to decide tomorrow on a link with Quebec that would allow companies to use carbon offsets and permits issued by the province to meet California’s greenhouse-gas emissions targets.
