California Air Chief Says Carbon Auction Won’t Be Delayed
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California plans to sell the first carbon allowances in November, undeterred by warnings from a federal energy commissioner that a system meant to curb emissions may harm businesses, the state air board’s head said.
The agency is on schedule to develop a platform for a Nov. 14 auction of allowances, each allowing for the release of one metric ton of carbon under a state program that caps emissions from plants beginning next year, Chairman Mary Nichols said during an interview at Bloomberg’s San Francisco office.