California Considers Guaranteeing Carbon Prices in Trump Era
- Price guarantee mechanisms aimed at boosting private finance
- Climate Trust setting up new auction system for green projects
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California is considering a system to protect projects that cut global-warming emissions from a market downturn that may worsen under a Trump administration.
The state may guarantee the money these project developers get for emission-reduction and clean-fuel credits by auctioning options that oblige California to pay a minimum price for them, based on measures the state’s considering. Having a buyer of last resort encourages private finance.