California Air Resources Board adopts GHG cap-and-trade program; first auctions slated for Aug/Nov 2012
Green Car Congress
OCTOBER 21, 2011
The California Air Resources Board on Thursday adopted the final greenhouse gas (GHG) emissions cap-and-trade regulation. The regulation becomes effective 1 January 2012; first auctions (for 2013 allowances) will be held in August and November, 2012. Compliance obligations for greenhouse gas emissions begins 1 January 2013.
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