States: California GHG cap & trade auction sells all credits

The latest California-Quebec greenhouse gas allowance auction sold all current and advance vintage credits offered for sale at above the floor price, raising about $500 million for the Golden State and demonstrating a strong demand from industry despite the COVID-19 pandemic’s harms to businesses. Results of the Nov. 17 auction, released Nov. 24 by the California Air Resources Board (CARB), include that all of the approximately 56 million 2015, 2017, 2018 and 2020 current year allowances offered for sale were...