Opinion

Opinion

As cap and trade awaits fate, auction tests market

California’s highly controversial cap-and-trade system of allocating carbon emission allowances faces legal and political hurdles. Meanwhile, however, another quarterly auction of allowances is scheduled this month and its results will test its standing among emitters and investors.

Videos

Amaya Valenzuela on Merced's win in PKs

Amaya Valenzuela made 12 saves to help the Merced girls soccer team reach the Sac-Joaquin Section DIII semifinals for the first time in school history with a penalty kick win over Rio Americano. (Sean Lynch/slynch@mercedsun-star.com)
sjansen@mercedsunstar.com
Amaya Valenzuela on Merced's win in PKs 2:05

Amaya Valenzuela on Merced's win in PKs

Merced coach Hector Nava on Bears' loss 2:34

Merced coach Hector Nava on Bears' loss

The birth of Oroville Dam | Watch construction of tallest dam in the U.S. in the 1960s 5:38

The birth of Oroville Dam | Watch construction of tallest dam in the U.S. in the 1960s

Cesar Martinez on Pacheco's historic night 1:54

Cesar Martinez on Pacheco's historic night