may carb auction

California’s Thirty-First Carbon Auction Generates Nearly $1.1 Billion

The thirty-first quarterly carbon auction held by California and Quebec sold all of the more than 58.3 million carbon permits offered for current emissions at a price of $30.85 per allowance, above the floor price of $19.70, according to the results released on May 26 by the California Air Resources Board. The settlement price is…...

California's Hydroelectric Generation Expected to Decrease Due to Drought: EIA

California’s Hydroelectric Generation Expected to Decrease Due to Drought: EIA

Droughts in California are expected to reduce the state’s summer electricity generation from hydroelectricity, according to a May 26 report from the U.S. Energy Information Administration. The impact of drought is projected to cut hydropower generation by nearly 50 percent, in comparison to normal precipitation conditions. The agency, in its report titled “Short-Term Energy Outlook…...