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.
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following lists: capandtrade, cc.
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The energy challenge facing California is real. Every Californian
needs to take immediate action to reduce energy consumption. For
a list of simple ways you can reduce demand and cut your energy
costs, visit the Flex Alert website at www.flexalert.org .
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