Calif. air regulator could auction carbon permits under tentative ruling

The auction of carbon allowances falls within the authority of the California Air Resources Board under the state's Assembly Bill 32, according to a tentative decision handed down by Sacramento Superior Court Judge Timothy M. Frawley. The ruling was made in light of the lawsuits filed against cap-and-trade program, alleging that carbon auctions serve as a tax by raising revenue for the state. A final decision on the matter is expected within 90 days, according to officials from the attorney general's office.

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Sacramento Bee (Calif.) (free registration), The

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