| California carbon emission permits fetched $11.50 a tonne at the cap and trade program's eighth auction, bringing the total amount raised for the state to more than $833 million, officials said on Thursday.
As expected, California sold all of the nearly 22.5 million allowances it offered to cover emissions this year. Oil refineries, cement manufacturers and other large carbon-emitting businesses snatched up 88 percent of the allowances offered, according to data released by the California Air Resources Board, the program's regulator...............................................Full Article: Source |