Michael Steel

Michael Steel

Morrison & Foerster LLP

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Picking Up Steam? CARB Reports that California’s Second Carbon Auction Exceeds Price Expectations

California’s second auction of greenhouse gas (GHG) allowances exceeded expectations, with allowances clearing above both the reserve price and the price predicted by leading market analysts. All of the 12.9 million...more

2/26/2013 - CARB CARB Allowances Carbon Auctions Greenhouse Gas Emissions

Court Rejects Challenge to California’s Cap-and-Trade Carbon Offset Program

On January 25, 2013, a California state court rejected a challenge to an important component of California’s cap-and-trade scheme, its emission offset program. In the first legal decision regarding the program since its...more

1/31/2013 - Cap-and-Trade CARB Climate Change Forest Protocol Greenhouse Gas Emissions Livestock Protocol Set Off

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