California moves forward with carbon trading

California is ready to launch carbon trading platform next week:

http://planetark.org/enviro-news/item/67080

UPDATE:

all the 23.1 million permits sold out… each for $10.09/ton.  There were 3 times as many bids as permits available.  300 companies participated, and the plan is to have 4 of these auctions per year.

Read more: http://www.sfgate.com/business/energy/article/California-sells-out-of-first-pollution-permits-4050288.php#ixzz2Cn6CA9yo

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2 Responses to California moves forward with carbon trading

  1. Paul says:

    Ha! I guess Edison messed up their form and applied for way more credits than they wanted… twice as many as were available! I think that CARB probably kept this quiet just to give themselves more publicity and legitimacy..
    http://www.bloomberg.com/news/2012-12-20/edison-snafu-skews-demand-in-first-california-carbon-permit-sale.html

  2. Pingback: So much for the Australian carbon tax | Energy and the Future

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