California’s second cap-and-trade auction is being held today, with more than 23 million greenhouse gas emission credits on the block.
The credits, known as allowances, allow industries and other emitters of greenhouse gases to continue in operation as they gradually reduce emissions as required by state law. Several hundred entities are expected to participate
The Feb. 19 auction of emission allowances, a key piece of California’s law to curb climate-changing greenhouse gases, will carry a slightly higher reserve price than last November’s cap-and-trade auction, the state’s top air-quality regulator told lawmakers on Monday.
Mary Nichols, the chair of the California Air Resources Board, said the per-allowance reserve, or
A major conference targeting climate-changing greenhouse gases is scheduled Tuesday at UC Davis, featuring top decision makers from Australia and the U.S.
The participants include Mary Nichols, the chair of the California Air Resources Board; Karen Lanyon, the Australian Consul-General; Mark Dreyfus, the Australian Parliamentary Secretary for Climate Change and Energy Efficiency; and Terry
Companies spent nearly $100 million an hour to buy carbon pollution credits at California’s first auction under the state’s law to curb greenhouse gas emissions.
Despite the hefty price tag, the final per-credit price was nearly the bare-minimum — $10 each — required by the auction and more than $2 below the per-credit market
It was kind of like eBay.
For three hours on Wednesday, millions of dollars worth of pollution credits were expected to be sold to scores of companies at California’s first auction under the state’s 2006 law to curb greenhouse gas emissions.
The auction, which went forward despite legal challenges, is unique among the states,