Resource and report archive

August 2013 Auction Analysis

At the third auction, held on May 16, 2013, the California Air Resources Board (CARB) sold all of the Vintage 2013 13.5 million allowances available for 2013.

California drivers use massive amounts of gasoline (17 billion gal.) and diesel (6 billion gal.) every year.

California’s climate and clean energy law uses mandatory regulations and a market-based cap and-trade regulation to achieve its goal of reducing climate pollution to 1990 levels by 2020.

At the second auction, held on February 19, 2013, the California Air Resources Board (CARB) sold all of the Vintage 2013 (V13) 12.9 million allowances available for 2013.

January 1, 2014 marked one year since the start of California’s landmark cap-and-trade program, a market-based system to reduce greenhouse gas (GHG) pollution.

At this first auction, the Air Resources Board sold all of the 23.1 million allowances available for 2013 at $10.09 each, just a few cents above the $10 price floor.

Europe’s experience with cap-and-trade since 2005 has provided California with some important lessons about things that worked, things that didn’t, and effective improvements.

Side-by-side comparison of EU and California programs

Invest to Grow, Investing AB 32 Proceeds to Grow - California’s Clean and Efficient Economy