Tag Archives: CARB

What’s Next for California’s Cap-and-Trade Program?

14 Dec

California’s cap-and-trade program is up and running. The state’s Air Resources Board (CARB) held its first auction of greenhouse gas emission credits last month, racking up $289 million in revenue. Now, the state must decide on how best to divvy up the proceeds. Although much of the funding is legally restricted, the process for deciding who gets what promises to be contentious. Continue reading