Energy Risk USA: Firms optimistic about California carbon market

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California flies flag for emissions trading

A panel of energy market participants, including representatives of Texas-based power generator Calpine and California-based oil and gas firm Chevron, expressed confidence in the future of the Californian emissions market at the Energy Risk USA conference on May 15. Created under Assembly Bill 32 (AB 32), California's carbon market was launched with an inaugural quarterly auction of California Carbon Allowances (CCAs) on November 14 last year. A second auction was held on February 19 and a th