California’s ETS makes encouraging headway

California's ETS completely sold-out of future-dated permits at a recent auction. An encouraging sign this scheme is here to stay.

As the federal government gets started implementing a national Climate Action Plan, the country’s boldest state-level experiment is making strong progress. Yesterday, California announced the results of its latest auction of carbon pollution permits, completely selling out of its permits for future carbon pollution for the first time. The increased demand for these pollution permits reflects an encouraging development: Confidence in California’s climate action program is growing, and its long-term future is becoming more and more certain.

How California’s Cap-and-Trade Program Works

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