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California’s Second Carbon Auction Today: An Explainer on Cap-and-Trade

Photo courtesy of California Air Resources Board

At the beginning of this year, the Golden State officially launched its long-discussed market-based system to reduce greenhouse gas (GHG) emissions. California’s GHG cap-and-trade program is not the first of its type. Carbon trading schemes are popping up around the world. But, it’s only the second program to takeoff in the U.S. The first, the [...]

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