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California cap-and-trade auction falls far short, delivering blow to state revenue and bullet train financing - Los Angeles Times


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Los Angeles Times

California cap-and-trade auction falls far short, delivering blow to state revenue and bullet train financing
Los Angeles Times
The latest auction in California's cap-and-trade market for greenhouse gases fell sharply below expectations, as buyers purchased just 2% of the carbon credits whose sale funds a variety of state programs -- notably, the proposed high-speed rail project.
California sells 11 pct of carbon permits offered at May auctionReuters
Demand plummets for California pollution creditsMonterey County Herald
California carbon emission auction proceeds fall shortSacramento Bee
Environmental Defense Fund (blog) -Carbon Pulse (subscription)
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