California officials release results of first cap-and-trade auctionEdwards, Andrew
In a rarity, the latest California-Quebec cap-and-trade auction sold future-year greenhouse gas credits at a higher price than allowances to satisfy current compliance obligations, underscoring regulated industries’ determination to prepare for future requirements as minimum credit prices are mandat...
Price forecasts for one carbon allowance in the California cap-and-trade program are $100 per ton by 2029. It’s a sharp increase from current prices and theKraneShares California Carbon Allowance ETF (KCCA)offers exposure. In a report fromEnergy Aspects, California carbon allowances (CCAs) ar...
California’s cap and trade program will expire in 2030. The CARBdevised thecap-and-trade systemwhereby it holds a quarterly auction program requiring selected California employers to bid significant amounts of money for the privilege of continuing to operate in the state and “pollute” — ...
Debra Kahn,E&E News
An examination of the effect of California's cap-and-trade program on wholesale electricity prices in the Western Interconnection finds that the CO2price is fully captured by California electricity prices, but also by prices at the Mid-Columbia hub in the Pacific Northwest. This occurs because, ...
As of September 2022, the Authority's plans indicated $23.4 billion in identified funding through 2030, with funds coming from Proposition 1A bonds, a number of federal grant program awards, and 25% of California's cap-and-trade auction proceeds. These will go towards a budgeted allocation of...
California is considering the adoption of a cap-and-trade regulatory mechanism for regulating the greenhouse gas emissions from electricity and perhaps other industries. Two options have been widely discussed for implementing cap-and-trade in the electricity industry. The first is to regulate the emiss...
Under its cap-and-trade system, California began compliance offset protocols in 2012. The California Air Resources Board (ARB) issues offset credits worth one metric tonne of CO2-equivalent emissions to registered projects in the United States that reduce, mitigate, or sequester GHG. The California...
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