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For 2016 the annual budget in California and Qu bec is 445 590 000 Current Vintage Holding Limit in 2016 0. Issued on February 26 2016 Page - 1 Table 1 Reserve Sale Bid Submissions Entity Name Tier Price Bid Lots Bid Number of Allowances Bid Value2 A 47. To accomplish this the Auction Administrator evaluates all bids from the next higherpriced tier with respect to the remaining bid guarantee and holding limit of each entity. Tier 1 Entity A bid for 500 000 APCR allowances at a cost of Entity...
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Who needs california cap-and-trade program?

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Various entities and individuals benefit from the California cap-and-trade program, including:
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- Companies and corporations operating in industries that emit greenhouse gases, such as power utilities, manufacturing firms, and transportation sectors.
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- The general public, as the program aims to reduce overall greenhouse gas emissions, improve air quality, and combat climate change, leading to a healthier and more sustainable environment.
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California's cap-and-trade program is a regulatory system designed to reduce greenhouse gas emissions in the state by setting a cap on the total amount of emissions allowed and allowing companies to buy and sell permits to emit.
Businesses in California that emit more than 25,000 metric tons of greenhouse gases per year are required to participate in the cap-and-trade program.
To fill out the California cap-and-trade program, businesses need to register with the California Air Resources Board, keep track of their greenhouse gas emissions, and participate in credit auctions or purchase credits from other companies.
The purpose of the California cap-and-trade program is to reduce greenhouse gas emissions in the state, encourage innovation in clean technology, and help California meet its climate change goals.
Businesses participating in the California cap-and-trade program must report their greenhouse gas emissions, compliance obligations, and any trading of emission allowances or offsets.
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