EU-California seek alignment on emissions trading

The EU and the richest state in the US are to explore ways of aligning their carbon markets, EU climate commissioner Cañete and California state governor Jerry Brown said on Thursday

The world's largest trading bloc and the richest state in the US are to explore ways of aligning their carbon markets, EU climate commissioner Miguel Arias Cañete and California state governor Jerry Brown said after striking a deal on Thursday.

“Aligning carbon markets could maximise and leverage climate action for economic transformation while ensuring real progress on reducing greenhouse gas emissions,” Cañete and Brown said after meeting at the Global Climate Action Summit in San Francisco.

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