California’s Fifth Successful Carbon Allowance Auction
Allowances sold out again at California’s fifth carbon allowance auction, indicating market viability. On November 22, 2013, the California Air Resources Board (CARB) released the results of its fifth quarterly carbon auction held on November 19. CARB offered 16,614,526 allowances under Current Auction (2013 vintage allowances) and 9,560,000 allowances under Advance Auction (2016 vintage allowances)…...