Environmental
Sep. 5, 2012
California Air Resource Board polishes its cap-and-trade auction process
The practice auction provided a dress rehearsal to test the auction platform in preparation for the first real auction, which is in November. By Kevin Poloncarz and Michael Balster of Paul Hastings LLP
On Aug. 30, the California Air Resources Board (CARB) conducted a practice auction for the state's landmark cap-and-trade program. The practice auction provided a dress rehearsal for CARB staff, covered entities and other market participants to test the auction platform in preparation for the first real auction under the cap-and-trade program, which is scheduled for Nov. 14.
While CARB will not be releasing th...
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