{"id":246468,"date":"2024-02-22T20:49:07","date_gmt":"2024-02-22T20:49:07","guid":{"rendered":"https:\/\/news.republicofgreen.com\/as-it-enters-its-eleventh-year-californias-cap-and-trade-program-continues-to-raise-revenue-to-fight-the-climate-crisis\/"},"modified":"2024-02-22T21:36:46","modified_gmt":"2024-02-22T21:36:46","slug":"as-it-enters-its-eleventh-year-californias-cap-and-trade-program-continues-to-raise-revenue-to-fight-the-climate-crisis","status":"publish","type":"post","link":"https:\/\/news.republicofgreen.com\/as-it-enters-its-eleventh-year-californias-cap-and-trade-program-continues-to-raise-revenue-to-fight-the-climate-crisis\/","title":{"rendered":"As it enters its eleventh year, California\u2019s cap-and-trade program continues to raise revenue to fight the climate crisis"},"content":{"rendered":"<div wp_automatic_readability=\"137.66006430868\">\n<p><em><span class=\"TextRun SCXW268001754 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW268001754 BCX0\">This blog was co-authored b<\/span><span class=\"NormalTextRun SCXW268001754 BCX0\">y <\/span><\/span><span class=\"TextRun Underlined SCXW268001754 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW268001754 BCX0\" data-ccp-charstyle=\"Hyperlink\">Katelyn Roedner Sutter<\/span><\/span><span class=\"TextRun SCXW268001754 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW268001754 BCX0\">,<\/span><span class=\"NormalTextRun SCXW268001754 BCX0\"> California State Director<\/span><\/span><span class=\"EOP SCXW268001754 BCX0\" data-ccp-props=\"{&quot;335559738&quot;:120,&quot;335559739&quot;:120}\">\u00a0<\/span><\/em><\/p>\n<\/p>\n<p>Results of the latest Western Climate Initiative auction were released today, and we continue to see strong demand for allowances. This was the first quarterly auction of 2024, and it was a strong start for this marquee climate program.<\/p>\n<p>This auction is expected to generate roughly $1.31 billion for the <strong>Greenhouse Gas Reduction Fund<\/strong>, which will invest in projects around the state that electrify transportation, reduce household energy costs, strengthen resilience to natural disasters, and more. This funding comes at a crucial time, as California faces both ongoing impacts from climate change and a challenging budget year.<\/p>\n<h3>February auction results<\/h3>\n<ul>\n<li>All <strong>51.2 million<\/strong> current vintage allowances offered for sale were purchased, resulting in the 14th consecutive sold-out auction. This is <strong>11% or 6.4 million<\/strong> fewer&#8230;<\/li>\n<\/ul>\n<\/div>\n<p><a href=\"https:\/\/blogs.edf.org\/climate411\/2024\/02\/22\/as-it-enters-its-eleventh-year-californias-cap-and-trade-program-continues-to-raise-revenue-to-fight-the-climate-crisis\/\"target=\"_blank\">Read the full article originally published at blogs.edf.org.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This blog was co-authored by Katelyn Roedner Sutter, California State Director\u00a0 Results of the latest Western Climate Initiative auction were released today, and we continue to see strong demand for allowances. This was the first quarterly auction of 2024, and it was a strong start for this marquee climate program. This auction is expected to [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":246469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[361],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.0 (Yoast SEO v20.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>As it enters its eleventh year, California\u2019s cap-and-trade program continues to raise revenue to fight the climate crisis - Republic of Green News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.edf.org\/climate411\/2024\/02\/22\/as-it-enters-its-eleventh-year-californias-cap-and-trade-program-continues-to-raise-revenue-to-fight-the-climate-crisis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"As it enters its eleventh year, California\u2019s cap-and-trade program continues to raise revenue to fight the climate crisis\" \/>\n<meta property=\"og:description\" content=\"This blog was co-authored by Katelyn Roedner Sutter, California State Director\u00a0 Results of the latest Western Climate Initiative auction were released today, and we continue to see strong demand for allowances. 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