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California carbon slips to $11.73 as traders eye auction

Posted on 16 May 2014

California’s benchmark carbon contract slipped 8 cents from its close one day earlier to settle at $11.73 a tonne on Thursday as traders positioned themselves ahead of Friday’s state-run allowance auction, where permits are expected to clear near the floor price.
The state will offer about 17 million allowances covering emissions this year and 9.2 million allowances covering emissions in 2017 at the auction, the cap-and-trade program’s seventh overall………………………………………..Full Article: Source


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