“Meanwhile, in the US, high demand for emission permits at a California auction showed widespread conviction that the state’s cap-and-trade system will be around for a while.
California’s Air Resources Board sold all 9.56 million permits for 2016 during a 16 August auction. The board received 1.69 bids for every allowance offered, marking the first time that demand for advance permits exceeded supply since the state began capping emissions last year.”
Monty Bannerman
ArcStar Energy
646.402.5076
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