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Carbon credits are hot commodity for utilities at auction

Posted on 01 October 2008

From Istockanalyst: The right to emit greenhouse gases in the Northeast is a little more valuable than expected. That, at least, is one way to read the results of the nation’s first-ever auction of carbon allowances, each of which allows utilities in 10 Northeast states to emit one ton of carbon into the air.

All 12.5 million of these allowances sold in the sealed-bid auction at $3.07 apiece. This price is half as much as was assumed in a UNH study last year and well above the minimum price set by the Regional Greenhouse Gas Initiative….. Full Article: Source


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