{"id":24066,"date":"2024-05-30T15:27:33","date_gmt":"2024-05-30T20:27:33","guid":{"rendered":"https:\/\/blogs.edf.org\/climate411\/?p=24066"},"modified":"2026-04-28T11:56:26","modified_gmt":"2026-04-28T16:56:26","slug":"californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds","status":"publish","type":"post","link":"https:\/\/blogs.edf.org\/climate411\/2024\/05\/30\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\/","title":{"rendered":"California\u2019s second carbon market auction of the year raises revenue at critical time for climate funds"},"content":{"rendered":"<p><em>This blog was co-authored by Sara Olsen, Project Manager, California Political Affairs<\/em><\/p>\n<p>Results of the latest Western Climate Initiative auction were <a href=\"https:\/\/ww2.arb.ca.gov\/sites\/default\/files\/2024-05\/nc-may_2024_summary_results_report.pdf\" target=\"_blank\" rel=\"noopener\">released today<\/a>, showing continued demand for allowances and confidence in the long-term stability of this landmark program. This auction is expected to generate roughly $1.1 billion for the <a href=\"https:\/\/ww2.arb.ca.gov\/our-work\/programs\/california-climate-investments\/california-climate-investments-funded-programs\" target=\"_blank\" rel=\"noopener\">Greenhouse Gas Reduction Fund (GGRF)<\/a>, which is dedicated to funding initiatives aimed at reducing greenhouse gas emissions and building climate resilience.<\/p>\n<p>A <a href=\"https:\/\/ww2.arb.ca.gov\/news\/californias-cap-and-trade-program-funds-28-billion-climate-investments-last-decade\" target=\"_blank\" rel=\"noopener\">new report<\/a> from the California Air Resources Board (CARB) finds that, in the past 10 years, climate investments like GGRF have reduced California\u2019s emissions by 109.2 million metric tons \u2014 the equivalent to taking 80% of the state\u2019s gas cars off the road \u2014 by investing in projects like adding zero-emissions transport options, building affordable housing near job centers and more. As California heads into another summer with an <a href=\"https:\/\/www.latimes.com\/environment\/story\/2024-05-15\/wildfire-weather-california\" target=\"_blank\" rel=\"noopener\">increased risk for wildfire<\/a> and more impacts of climate change are becoming increasingly severe and evident, the importance of this fund is clearer than ever.<\/p>\n<h3>May auction results<\/h3>\n<ul>\n<li>All 51,589,488 current vintage allowances offered for sale were purchased, resulting in the 15th consecutive sold out auction. This is 0.72% or 373,000 more allowances than were offered at the <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\" rel=\"noopener\">previous auction<\/a>.<\/li>\n<li>The current auction settled at a price of $37.02, $12.98 above the $24.04 price floor and $4.74 below the February 2024 settlement price of $41.76.<\/li>\n<li>All of the 7,211,000 future vintage allowances offered for sale were purchased \u2014 these allowances can be used for compliance beginning in 2027. This is the same number of future vintage allowances that were offered at the previous advance auction.<\/li>\n<li>Future vintage allowances settled at $38.35, $14.31 above the $24.04 floor price and $2.65 below the February settlement price of $41.00.<\/li>\n<\/ul>\n<h3>What factors may be at play with these results?<\/h3>\n<p>A number of factors could be at play with today\u2019s results which saw a lower settlement price than California\u2019s most recent auction. The first is general market variability; potential program changes, such as those being considered by CARB, can drive uncertainty among market participants that results in price fluctuations. While prices in the WCI auctions tend to tick upwards, it\u2019s not uncommon for prices to drop once in a while. This <a href=\"https:\/\/ww2.arb.ca.gov\/sites\/default\/files\/2020-08\/results_summary.pdf\" target=\"_blank\" rel=\"noopener\">happened most recently<\/a> in the August and November auctions in 2022, where prices dropped from the May 2022 price of $30.85 down to $27, and then down to $26.80 before starting to trend upward again. Last auction\u2019s settlement price of $41.76 was a record price by $3.03, so today\u2019s price puts the WCI market more on trend with where prices were in November and August of last year. Despite slightly lower prices this quarter, there\u2019s still strong demand overall; the auction was completely sold out. The market continues to be stable, and some price fluctuations are to be expected, especially during periods of program adjustment.<\/p>\n<h3>Where is the revenue getting invested?<\/h3>\n<p>Over the past ten years, California delivered <a href=\"https:\/\/ww2.arb.ca.gov\/sites\/default\/files\/auction-proceeds\/cci_annual_report_2024.pdf\" target=\"_blank\" rel=\"noopener\">$11 billion<\/a> from the Greenhouse Gas Reduction Fund (GGRF) to more than half a million projects that cut pollution and mitigate the impacts of climate change. These investments yield meaningful environmental and community benefits, including a 109 million metric ton reduction of greenhouse gas emissions, 1,248 new or expanded transit projects, 29,800 new jobs, and 12,606 affordable housing projects under contract.<\/p>\n<p>The $1.1 billion in revenue for GGRF from this auction comes at a critical moment, as California grapples with a <a href=\"https:\/\/www.gov.ca.gov\/2024\/05\/10\/revised-state-budget-may-2024-25\/\" target=\"_blank\" rel=\"noopener\">$27.6 billion budget deficit<\/a>. As the Governor and policymakers explore budget strategies, climate initiatives face the looming threat of funding cuts. In January, Governor Newsom proposed\u202fmore than <a href=\"https:\/\/storage.googleapis.com\/firedup-launch-climate100\/2024\/01\/240116_C100_BudgetResponse.pdf\" target=\"_blank\" rel=\"noopener\">$3.1 billion in cuts and more than $5 billion in delays<\/a> for climate funding. In the May Revision of his 2023-24 Budget Proposal, Governor Newsom proposed <a href=\"https:\/\/abgt.assembly.ca.gov\/system\/files\/2024-05\/climate-package-summary.pdf\" target=\"_blank\" rel=\"noopener\">over $3 billion in additional cuts<\/a>\u202fto significant climate investments. The proposal also reallocated funding for various climate programs to GGRF, relying on this source to alleviate the effects of the budget deficit.<\/p>\n<p>Cap-and-trade, through emissions reductions and revenue generation, will be pivotal in addressing California&#8217;s current budget and climate challenges. The State&#8217;s reliance on the Greenhouse Gas Reduction Fund as a lifeline for essential climate initiatives only further underscores the need for these funds to be allocated strategically and exclusively towards climate and environmental justice priorities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EDF explains how California\u2019s second 2024 auction generated revenue for the state\u2019s climate programs. The article underscores the carbon market\u2019s role in sustaining investments during a difficult budget year.<\/p>\n","protected":false},"author":151379,"featured_media":24067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[200,71676,107925,43,202,44],"tags":[],"coauthors":[107971],"class_list":["post-24066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-california","category-carbon-markets","category-cities-and-states","category-economics","category-greenhouse-gas-emissions","category-policy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>California\u2019s second carbon market auction of the year raises revenue at critical time for climate funds - Climate 411<\/title>\n<meta name=\"description\" content=\"California\u2019s second carbon market auction of 2024 raised funds as climate programs face budget pressure and growing needs.\" \/>\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\/05\/30\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"California\u2019s second carbon market auction of the year raises revenue at critical time for climate funds - Climate 411\" \/>\n<meta property=\"og:description\" content=\"California\u2019s second carbon market auction of 2024 raised funds as climate programs face budget pressure and growing needs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blogs.edf.org\/climate411\/2024\/05\/30\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate 411\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-30T20:27:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-28T16:56:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blogs.edf.org\/climate411\/wp-content\/blogs.dir\/7\/files\/\/CA-Q2-Auction-2024.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Caroline Jones\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Caroline Jones\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2024\\\/05\\\/30\\\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2024\\\/05\\\/30\\\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\\\/\"},\"author\":{\"name\":\"Caroline Jones\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/#\\\/schema\\\/person\\\/466ee618a962460346e88fb280ddd29a\"},\"headline\":\"California\u2019s second carbon market auction of the year raises revenue at critical time for climate funds\",\"datePublished\":\"2024-05-30T20:27:33+00:00\",\"dateModified\":\"2026-04-28T16:56:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2024\\\/05\\\/30\\\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\\\/\"},\"wordCount\":693,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2024\\\/05\\\/30\\\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/wp-content\\\/blogs.dir\\\/7\\\/files\\\/\\\/CA-Q2-Auction-2024.jpg\",\"articleSection\":[\"California\",\"Carbon Markets\",\"Cities and states\",\"Economics\",\"Greenhouse Gas Emissions\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2024\\\/05\\\/30\\\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2024\\\/05\\\/30\\\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\\\/\",\"url\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2024\\\/05\\\/30\\\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\\\/\",\"name\":\"California\u2019s second carbon market auction of the year raises revenue at critical time for climate funds - Climate 411\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2024\\\/05\\\/30\\\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2024\\\/05\\\/30\\\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/wp-content\\\/blogs.dir\\\/7\\\/files\\\/\\\/CA-Q2-Auction-2024.jpg\",\"datePublished\":\"2024-05-30T20:27:33+00:00\",\"dateModified\":\"2026-04-28T16:56:26+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/#\\\/schema\\\/person\\\/466ee618a962460346e88fb280ddd29a\"},\"description\":\"California\u2019s second carbon market auction of 2024 raised funds as climate programs face budget pressure and growing needs.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2024\\\/05\\\/30\\\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2024\\\/05\\\/30\\\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2024\\\/05\\\/30\\\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\\\/#primaryimage\",\"url\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/wp-content\\\/blogs.dir\\\/7\\\/files\\\/\\\/CA-Q2-Auction-2024.jpg\",\"contentUrl\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/wp-content\\\/blogs.dir\\\/7\\\/files\\\/\\\/CA-Q2-Auction-2024.jpg\",\"width\":1200,\"height\":630},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/2024\\\/05\\\/30\\\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"California\u2019s second carbon market auction of the year raises revenue at critical time for climate funds\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/#website\",\"url\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/\",\"name\":\"Climate 411\",\"description\":\"Blogging the science and policy of global warming\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/#\\\/schema\\\/person\\\/466ee618a962460346e88fb280ddd29a\",\"name\":\"Caroline Jones\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/506e56999fd7253ade989c19a4af849fa7f17fe75f67c8cfa4254af9d9acfd43?s=96&d=mm&r=g5854ea1b1bbe5f49ece972f261ac9dd2\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/506e56999fd7253ade989c19a4af849fa7f17fe75f67c8cfa4254af9d9acfd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/506e56999fd7253ade989c19a4af849fa7f17fe75f67c8cfa4254af9d9acfd43?s=96&d=mm&r=g\",\"caption\":\"Caroline Jones\"},\"sameAs\":[\"https:\\\/\\\/www.edf.org\\\/people\\\/caroline-jones\"],\"url\":\"https:\\\/\\\/blogs.edf.org\\\/climate411\\\/author\\\/cajones\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"California\u2019s second carbon market auction of the year raises revenue at critical time for climate funds - Climate 411","description":"California\u2019s second carbon market auction of 2024 raised funds as climate programs face budget pressure and growing needs.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blogs.edf.org\/climate411\/2024\/05\/30\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\/","og_locale":"en_US","og_type":"article","og_title":"California\u2019s second carbon market auction of the year raises revenue at critical time for climate funds - Climate 411","og_description":"California\u2019s second carbon market auction of 2024 raised funds as climate programs face budget pressure and growing needs.","og_url":"https:\/\/blogs.edf.org\/climate411\/2024\/05\/30\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\/","og_site_name":"Climate 411","article_published_time":"2024-05-30T20:27:33+00:00","article_modified_time":"2026-04-28T16:56:26+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/blogs.edf.org\/climate411\/wp-content\/blogs.dir\/7\/files\/\/CA-Q2-Auction-2024.jpg","type":"image\/jpeg"}],"author":"Caroline Jones","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Caroline Jones","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/blogs.edf.org\/climate411\/2024\/05\/30\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\/#article","isPartOf":{"@id":"https:\/\/blogs.edf.org\/climate411\/2024\/05\/30\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\/"},"author":{"name":"Caroline Jones","@id":"https:\/\/blogs.edf.org\/climate411\/#\/schema\/person\/466ee618a962460346e88fb280ddd29a"},"headline":"California\u2019s second carbon market auction of the year raises revenue at critical time for climate funds","datePublished":"2024-05-30T20:27:33+00:00","dateModified":"2026-04-28T16:56:26+00:00","mainEntityOfPage":{"@id":"https:\/\/blogs.edf.org\/climate411\/2024\/05\/30\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\/"},"wordCount":693,"commentCount":0,"image":{"@id":"https:\/\/blogs.edf.org\/climate411\/2024\/05\/30\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\/#primaryimage"},"thumbnailUrl":"https:\/\/blogs.edf.org\/climate411\/wp-content\/blogs.dir\/7\/files\/\/CA-Q2-Auction-2024.jpg","articleSection":["California","Carbon Markets","Cities and states","Economics","Greenhouse Gas Emissions","Policy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/blogs.edf.org\/climate411\/2024\/05\/30\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/blogs.edf.org\/climate411\/2024\/05\/30\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\/","url":"https:\/\/blogs.edf.org\/climate411\/2024\/05\/30\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\/","name":"California\u2019s second carbon market auction of the year raises revenue at critical time for climate funds - Climate 411","isPartOf":{"@id":"https:\/\/blogs.edf.org\/climate411\/#website"},"primaryImageOfPage":{"@id":"https:\/\/blogs.edf.org\/climate411\/2024\/05\/30\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\/#primaryimage"},"image":{"@id":"https:\/\/blogs.edf.org\/climate411\/2024\/05\/30\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\/#primaryimage"},"thumbnailUrl":"https:\/\/blogs.edf.org\/climate411\/wp-content\/blogs.dir\/7\/files\/\/CA-Q2-Auction-2024.jpg","datePublished":"2024-05-30T20:27:33+00:00","dateModified":"2026-04-28T16:56:26+00:00","author":{"@id":"https:\/\/blogs.edf.org\/climate411\/#\/schema\/person\/466ee618a962460346e88fb280ddd29a"},"description":"California\u2019s second carbon market auction of 2024 raised funds as climate programs face budget pressure and growing needs.","breadcrumb":{"@id":"https:\/\/blogs.edf.org\/climate411\/2024\/05\/30\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blogs.edf.org\/climate411\/2024\/05\/30\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/blogs.edf.org\/climate411\/2024\/05\/30\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\/#primaryimage","url":"https:\/\/blogs.edf.org\/climate411\/wp-content\/blogs.dir\/7\/files\/\/CA-Q2-Auction-2024.jpg","contentUrl":"https:\/\/blogs.edf.org\/climate411\/wp-content\/blogs.dir\/7\/files\/\/CA-Q2-Auction-2024.jpg","width":1200,"height":630},{"@type":"BreadcrumbList","@id":"https:\/\/blogs.edf.org\/climate411\/2024\/05\/30\/californias-second-carbon-market-auction-of-the-year-raises-revenue-at-critical-time-for-climate-funds\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/blogs.edf.org\/climate411\/"},{"@type":"ListItem","position":2,"name":"California\u2019s second carbon market auction of the year raises revenue at critical time for climate funds"}]},{"@type":"WebSite","@id":"https:\/\/blogs.edf.org\/climate411\/#website","url":"https:\/\/blogs.edf.org\/climate411\/","name":"Climate 411","description":"Blogging the science and policy of global warming","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blogs.edf.org\/climate411\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/blogs.edf.org\/climate411\/#\/schema\/person\/466ee618a962460346e88fb280ddd29a","name":"Caroline Jones","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/506e56999fd7253ade989c19a4af849fa7f17fe75f67c8cfa4254af9d9acfd43?s=96&d=mm&r=g5854ea1b1bbe5f49ece972f261ac9dd2","url":"https:\/\/secure.gravatar.com\/avatar\/506e56999fd7253ade989c19a4af849fa7f17fe75f67c8cfa4254af9d9acfd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/506e56999fd7253ade989c19a4af849fa7f17fe75f67c8cfa4254af9d9acfd43?s=96&d=mm&r=g","caption":"Caroline Jones"},"sameAs":["https:\/\/www.edf.org\/people\/caroline-jones"],"url":"https:\/\/blogs.edf.org\/climate411\/author\/cajones\/"}]}},"_links":{"self":[{"href":"https:\/\/blogs.edf.org\/climate411\/wp-json\/wp\/v2\/posts\/24066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.edf.org\/climate411\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.edf.org\/climate411\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.edf.org\/climate411\/wp-json\/wp\/v2\/users\/151379"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.edf.org\/climate411\/wp-json\/wp\/v2\/comments?post=24066"}],"version-history":[{"count":4,"href":"https:\/\/blogs.edf.org\/climate411\/wp-json\/wp\/v2\/posts\/24066\/revisions"}],"predecessor-version":[{"id":26179,"href":"https:\/\/blogs.edf.org\/climate411\/wp-json\/wp\/v2\/posts\/24066\/revisions\/26179"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blogs.edf.org\/climate411\/wp-json\/wp\/v2\/media\/24067"}],"wp:attachment":[{"href":"https:\/\/blogs.edf.org\/climate411\/wp-json\/wp\/v2\/media?parent=24066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.edf.org\/climate411\/wp-json\/wp\/v2\/categories?post=24066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.edf.org\/climate411\/wp-json\/wp\/v2\/tags?post=24066"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.edf.org\/climate411\/wp-json\/wp\/v2\/coauthors?post=24066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}