The California Air Resources Board began auctioning greenhouse gas emissions permits Wednesday, despite an eleventh-hour lawsuit filed by the state Chamber of Commerce to stall the project, the Los Angeles Times reported.
The state's cap-and-trade plan is part of its effort to curb emissions from industrial facilities such as landfills and utilities. As part of the system, facilities that emit carbon dioxide, methane and other gases are required to cut their emissions below a state-enforced "cap" or buy allowances for extra pollution. Major industrial facilities participated in a three-hour online sale Wednesday, the article indicates. A second auction is set for February.
Results of the auction will be released Nov. 19.