Perspective
Nov. 27, 2012
California holds its first cap-and-trade auction
A year after adopting its Cap-and-Trade Regulation, the California Air Resources Board (CARB) held its first auction of greenhouse gas (GHG) emission allowances Nov. 14. By Kevin Poloncarz, Michael S. Balster and Ben B. Carrier
A year after adopting its Cap-and-Trade Regulation, the California Air Resources Board held its first auction of greenhouse gas emission allowances Nov. 14. The auction proceeded smoothly without any unexpected difficulties. CARB revealed Nov. 19 that the auction sold all of the current vintage allowances at $10.09/allowance and 14 percent of the available future vintage allowances at $10.00/allowance.
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