California's Air Resources Board (ARB) is the lead in the appropriation process on auction revenues, which are expected to be $0.6 to $1.8 billion next year but grow five-fold billion in 2015.
The California legislature has the authority to decide how these funds will be used and the ARB has the responsibility to develop a plan. As part of this process, the California Air Resources Board (ARB) is hosting a forum to solicit input from stakeholders and experts on the development of the plan. Representatives from the Administration and the Legislature have been invited to attend and Mr. Burtraw will serve as an expert regarding design and implementation of cap-and-trade.
Part of Mr. Burtraw´s expertise regarding lessons learned from the European Trading System derives from research conducted within the Mistra Indigo program as well as the Clipore program, and is likely to be of use to future development of the California system.
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