A carbon market takes root in California
When California held its first-ever auction of greenhouse gas emission allowances last fall, allowances sold for $10.09, just pennies above the $10 floor price set by state regulators.
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#1 Mar 1, 2013
But state Sen. Fran Pavley, the Agoura Hill Democrat who authored AB 32, the groundbreaking global warming bill that authorized California to embark on its cap-and-trade program, says putting a price on carbon "has become an accepted solution around the world for dealing with the serious problem of climate change."
"It allows us to finally give polluters an incentive to reduce their emissions, and I believe many will choose to do so," she said.
This one must be smoking that funny stuff.It allows the Comp. that are in compliance to become green in their pockets and force the rate payers to pay higher rates.
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