California Holds Third Carbon Allowance Auction

California’s third carbon allowance auction raised approximately $280 million at an increased settlement price of $14.00 per allowance. On May 21, 2013, the California Air Resources Board (CARB) released results of its third quarterly auction, held on May 16, 2013.  The auction offered Current Auction (2013) vintage allowances and Advanced Auction (2016) vintage allowances.  All…