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arbcombo -- ARB will release an update of estimates of State-owned allowances available for auction on December 4, 2015, at 12:00 pm
Posted: 03 Dec 2015 10:57:06
On December 4, 2015, at 12:00 pm, the Air Resources Board (ARB) will release an update of the estimates of the total State-owned allowances that will be offered at auctions through 2020 under the Cap-and-Trade Program. These estimates are for State-owned allowances only and do not include estimates of allowances consigned for sale by utilities from their electricity or natural gas allocation. Background Under the Cap-and-Trade Program, emissions caps and associated greenhouse gas (GHG) allowance budgets are calculated for each calendar year. In the Cap-and-Trade Program, the calendar year from which the allowances are assigned is referred to as the “budget year.” California GHG allowances are sold at one of four quarterly auctions held by ARB each year in February, May, August, and November. Proceeds from State-owned allowances sold in the quarterly auctions are deposited into the Greenhouse Gas Reduction Fund. The estimates of total State-owned allowances will be accessible via ARB's Cap-and-Trade website at: http://www.arb.ca.gov/cc/capandtrade/capandtrade.htm. The website will contain additional information on the assumptions used for estimating State-owned allowances as well as additional information on the Cap-and-Trade Program. California is in a drought emergency. Visit www.SaveOurH2O.org for water conservation tips. You are receiving this single arbcombo email because you are a subscriber to or have made a public comment to one or more of the following lists: capandtrade, cc.