Legality of Cap-and-Trade Auctions Weighed by California Appeals Court

摘要

A California appellate court has 90 days to decide whether the quarterly cap-and-trade auctions the state uses to distribute carbon allowances are illegal (California Chamber of Commerce v. California Air Resources Bd., Cal. Ct. App., No. C075930, 1/24/17). Whatever ruling the court hands down is likely to be further challenged by either the state or by petitioners, who are seeking to overturn a 2013 trial court ruling that upheld the California Air Resources Board authority to sell emissions allowances.