California’s CO2 now has a price, but it's a low one. For each metric ton of carbon...
Wednesday, November 21, 2012, 10:58 AM ETCalifornia’s CO2 now has a price, but it's a low one. For each metric ton of carbon dioxide emitted, businesses, utilities and industries that bought allowances will pay just $10.09. The results of California's first CO2 auction came as a relief to state officials that all of the 23.1M allowances covering emissions up for auction were sold, but some analysts had expected a higher price.
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