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by mistrial9
2853 days ago
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California Cap-and-Trade Legislative Analysis 2017
Auctions Have Generated $4.4 Billion in State
Revenue. ARB has conducted 17 quarterly cap-andtrade
auctions since November 2012—generating
roughly $4.4 billion in state revenue. Beginning
January 1, 2015, transportation and natural gas fuel
suppliers were required to obtain allowances for
the GHG emissions associated with the combustion
of their fuels. Since transportation fuel suppliers
are not given free allowances, the number of stateauctioned
allowances increased substantially in
2015—resulting in auctions raising significantly
higher amounts of state revenue. https://lao.ca.gov/reports/2017/3553/cap-and-trade-021317.pd... |
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