Opinion
Future uncertain over cap-and-trade auctions
A powerplant at sunset. (Photo: David Crockett)OPINION: The California Air Resources Board (CARB) recently released the latest quarterly allowance auction results for California’s cap-and-trade program. While demand rose compared to the previous auction in May, a majority of allowances still went unsold due to uncertainty over the program’s future past 2020 – suggesting policymakers should take action, not solace, from better August auction results.