Nation Watches as California Opens Cap-and-Trade Auction
California's
cap and trade system kicked off this week, and the ARB will announce
results of the auction on November 19. A November 8 Reuters story,
"Auction to kick-start California carbon market," quoted analysts that
2013 permits are expected to sell at between $11 and $12 per unit.
Leading up to the sale, there has been much discussion over the likely
results.
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