The California Air Resources Board (CARB) proposed
amendments to the state’s cap-and-trade regulations to effectuate linkage
between the state’s program and a cap-and-trade program established by Quebec.
Among other things, the proposed regulations provide for a joint auction of
allowances in November. CARB also proposed amendments relating to trading
mechanics and market oversight. The proposed amendments are subject to a 45-day
comment period, and then will be on the agenda for a meeting of the board on
June 28. The proposed amendments and related materials are available at http://www.arb.ca.gov/regact/2012/capandtrade12/capandtrade12.htm.
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