Mistra Indigo researcher part of the California process on auction revenues

Dallas Burtraw, senior fellow at Resources for the Future and an active Mistra Indigo member has been called to participate in the highly anticipated “public consultation", arranged by California's Air Resources Board (ARB) on the 24th of May.

California will be developing an investment plan for the auction proceeds from the cap-and-trade program, that takes effect in 2013. The purpose of the cap-and-trade program is to reduce greenhouse gases that contribute to climate change.

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 External link, opens in new window., and is likely to be of use to future development of the California system.

The notice for this meeting has been posted here External link, opens in new window. . It is also possible to view the live webcast External link, opens in new window. of the meeting.

Updated: 2012-05-22

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