Today’s Pickup: Clean truck programs may take a hit amid cap-and-trade decline

Good day,

Clean truck programs funded by California’s cap-and-trade program may take a hit as the coronavirus pandemic has limited fossil fuel activity that drives the pollution reduction program. Cap-and-trade, in effect since 2016,  limits the amount of carbon companies are allowed to emit, and allows businesses buy and sell pollution credits at an auction on a state-sponsored marketplace. But the latest auction, held in late May, produced only $25 million in revenue, down from the $600...

https://www.freightwaves.com/news/todays-pickup:-clean-truck-programs-may-take-a-hit-as-cap-and-trade-monies-decline

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