California’s quarterly auction of greenhouse gas allowances sold at record high prices, generating approximately $1.31 billion for the state coffers. The sale of permits at $41.76 per ton was the 14th consecutive auction to sell out, indicating strong demand from companies that purchase emissions permits under the cap and trade system. The Greenhouse Gas Reduction Fund, which distributes the proceeds, is gaining more attention this year as a budget deficit increases and agencies seek funding to offset the growing pool. The funds are used to fund climate and environmental programs such as wildfire mitigation and high-speed rail.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
