California’s cap-and-trade system for limiting greenhouse-gas emissions saw prices rise to a record in the latest quarterly auction, as hedge funds pile into the market.
Allowances to emit one metric ton of carbon dioxide this year sold for $28.26 in last week’s auction, the California Air Resources Board said Wednesday. Allowances that can be used in future years closed substantially higher, at $34.01. Both results represented hefty premiums over the offering price of $17.71.
"trade" - Google News
November 25, 2021 at 04:23AM
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California Carbon Sets Record Price in Cap-and-Trade Auction - Bloomberg
"trade" - Google News
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