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California carbon trading for 2016 jumps after sellout

Posted on 22 August 2013

Trading on California carbon allowances that companies can use beginning in 2016 surged after the state sold out of the permits for the first time.
Futures contracts for a record 1.83 million 2016 allowances for December 2015 delivery cleared today on the IntercontinentalExchange Inc. (ICE), settling at $12.50 each, Brookly McLaughlin, a spokeswoman for the exchange in Atlanta, said by e-mail. The previous high was 960,000 allowances on May 21………………………………………..Full Article: Source


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