| As California, environment stewards and the sixth largest economy in the world, prepares to launch the most extensive carbon market in North America Nov. 14, stakeholders can look to Europe to learn the dangers from selling too many unverifiable emission credits and permits.
The state plans to auction off 10 percent hand of the credits and hand out the others free of charge. California anticipates that businesses will pay some $1 billion over the next five years for the credits. The model is similar to Europe's...............................................Full Article: Source |