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First carbon permits issued as emissions market dawns

Posted on 28 September 2012

Carbon trading has officially begun in Australia, with the government yesterday issuing the first permits under its carbon price. Nearly three months since the scheme began, two companies have been given permits worth a total of nearly $150 million - aluminium firm Alcoa, and Queensland Nitrates, which supplies chemicals to the mining industry.
The issue of the permits is significant because it marks the point at which carbon permits start to be bought and sold among the roughly 300 companies that pay the carbon price………………………………………..Full Article: Source


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