California carbon market to be short of offsets: report

13 Sep 2012 22:11 Last updated: 17 Sep 2012 19:26

NEW YORK, Sept 13 (Reuters) – California’s carbon market could be 29 percent short of offset credits in its 2013-2014 pilot phase if regulators do not expand their list of allowable project types, making it more expensive for companies to achieve their required emissions cuts, a new report said.