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newsrel -- Air Resources Board posts notice for California’s first cap-and-trade auction

Posted: 14 Sep 2012 18:40:46
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CONSIDER THE FOLLOWING NEWS RELEASE FROM THE AIR RESOURCES BOARD

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. Release #12-45
Date: 09-14-12
Contact: Dave Clegern
(916) 322-8286
dclegern@arb.ca.gov

Air Resources Board posts notice for California’s first
cap-and-trade auction

Sacramento-The Air Resources Board today issued the 60-day public
notice for California’s first cap-and-trade greenhouse gas
allowance auction on November 14, 2012.

The allowances sold at the auction are for compliance with the
state’s greenhouse gas reduction effort under the 2006 Global
Warming Solutions Act (AB 32). Compliance with the program begins
January 1, 2013 and includes nearly 600 industrial facilities and
utilities.

The November 14 auction will take place during a three-hour
bidding window (10 a.m.-1 p.m. PST). A total of 61.2 million
carbon allowances will be offered for sale. Allowances from the
2013 and 2015 vintages will be available. The vintage of an
allowance determines the year in which it may first be used for
compliance.

After the auction the following information will be publicly
released: 
•	Names of qualified bidders
•	Settlement price
•	Auction Summary 

To view the Auction Notice, go to:
http://www.arb.ca.gov/cc/capandtrade/auction/auction.htm 
For more explanation of cap-and-trade and the auction process, go
to:
http://www.arb.ca.gov/cc/capandtrade/capandtrade.htm

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