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November 20, 2012

California sells out of first pollution permits

  • The state says 23.1 million permits — each allowing for the release of one ton of carbon — sold for $10.09 apiece.
    • By JASON DEAREN
    Associated Press

    SAN FRANCISCO — California sold out of the first pollution permits issued as part of a landmark offensive against greenhouse gases at an inaugural auction that regulators said Monday went smoothly.

    The effort to curtail carbon emissions involved the sale of 23.1 million permits — each allowing for the release of one ton of carbon — for $10.09 apiece, the California Air Resources Board said.


     
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