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California’s CO2 now has a price, but it's a low one. For each metric ton of carbon...

California’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.
Comments (5)
  • GaltMachine
    , contributor
    Comments (1139) | Send Message
     
    Who were the dummies that paid this protection money?

     

    They are definite short candidates.
    21 Nov 2012, 11:06 AM Reply Like
  • dieuwer
    , contributor
    Comments (2389) | Send Message
     
    The result will be that prices for gas and electric in California will go up.
    Refineries and utilities do not have access to a printing press, so any extra expenses will have to be covered by their customers.
    21 Nov 2012, 11:15 AM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    Cap-n-tax is just another tax that will hinder the CA economy even more. As if businesses needed another reason to leave CA.
    21 Nov 2012, 11:12 AM Reply Like
  • WMARKW
    , contributor
    Comments (10291) | Send Message
     
    "Mary D. Nichols, chairwoman of the California Air Resources Board, said, the auction was “a success and an important milestone for California as a leader in the global clean-tech market.” She added, “By putting a price on carbon, we can break our unhealthy dependence on fossil fuels."

     

    Mary D. Nichols is a Moron ! Good luck California. You have sown the seeds of your continued economic demise.
    21 Nov 2012, 11:27 AM Reply Like
  • WMARKW
    , contributor
    Comments (10291) | Send Message
     
    "Most of the nearly $300 million in auction proceeds is likely go back to investor-owned utilities in the state like Southern California Edison and Pacific Gas & Electric Company, to be directed back to their customers. On Friday, the California Public Utilities Commission announced a proposed division of these spoils: 85 percent to households, which would receive a “climate dividend” of $30 on their bills twice a year; 10 percent to small businesses; and 5 percent to help industries whose out-of-state competitors do not have to pay for the pollution they generate."

     

    So who's buying these allowences if not the public utilities?
    21 Nov 2012, 11:33 AM Reply Like
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