The California Air Resources Board will tender 62 million greenhouse gas emissions allowances during its November 14 auction. 23.1 million of the auctioned allowances will be applicable to compliance requirements though 2020 while another 39.5 million will be valid only for 2015-2020 obligations. California’s cap-and-trade program, which begins January 1, will cover 350 businesses with 600 facilities. Details about the auction, including the list of qualified bidders, the number of allowances sold, and the settlement price, will be released November 19. CARB has set the floor price for the allowances at $10/MT and estimates that the auction will raise approximately $600 million.