THE PUBLIC EYE: $2 million to start up cap and trade effort - Sacramento News

Cap and trade program price tag: $2 million

The state will spend nearly $2 million to develop one of the centerpieces of its climate change programs: cap and trade.

...Although 90 percent of the allowances will be given away free, companies must purchase 10 percent of those allowances.

According to the Air Resources Board, the 10 percent sold at auction could raise between $300 million and $500 million a year – money that will go to the state's general fund.

How much will it cost per year to make sure that no one cheats or games the system?