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</html><thumbnail_url>https://www.ecosystemmarketplace.com/wp-content/uploads/2015/02/flag-of-california.1.normal.jpg</thumbnail_url><thumbnail_width>175</thumbnail_width><thumbnail_height>175</thumbnail_height><description>The results from California's first cap-and-trade compliance period are in, and the numbers are encouraging. Allowance auctions have already raised millions for the state as emissions fall and the economy grows. But offsetting the aspect of the program that invests in direct emissions reductions in non-capped sectors has yet to reach its full potential.</description></oembed>
