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New York: Climate Change (generally)

May 2020
50

Issue

7

Update Volume

50

Update Issue

15

The New York State Energy Research and Development Authority proposed to amend the CO2 Allowance Auction Program. The amendments would, among other things, implement the program by incorporating the cost containment reserve, a regulatory flexibility and market stability mechanism, and the emissions containment reserve, a market mechanism designed to secure additional emissions reductions if allowances fall below an established trigger price. Comments are due July 13, 2020. See https://www.dos.ny.gov/info/register/2020/051320.pdf. (pp. 3-9).