Over 2,000 global business leaders, political leaders, and senior climate negotiators at the Business & Climate Summit pledged this week to lead a global transition to a low-carbon, climate-resilient economy. The main question is “who will lead?” Policymakers call for business leadership, and business leaders call for well-founded policy. The … [continued]
California’s carbon prices fell in its fourth cap-and-trade auction on news the state may increase the amount of free allocations it provides in 2014.
But even though permit sales dropped 13% from May 2013’s record-setting auction, long-term indicators hint the state’s emissions reduction market could wind up stronger than ever.
California’s third cap and trade carbon allowance auction was held last week, and businesses snapped up all available 2013 permits, setting a record price level in the process. In addition to the 2013 permits, over three-quarters of advance allowances for 2016 were sold to businesses.
