California s Second Carbon Auction Today: An Explainer on Cap-and-Trade

At the beginning of this year, the Golden State officially launched its long-discussed market-based system to reduce greenhouse gas (GHG) emissions. California's GHG cap-and-trade program is not the first of its type. Carbon trading schemes are popping up around the world. But, it's only the second program to takeoff in the U.S.[caption id="attachment_4956" align="alignright" width="187" caption="Photo courtesy of CARB"] [/caption] [More]