How is California auctioning carbon?



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    Prices for emissions allowances under the Regional Greenhouse Gas Initiative (RGGI) slid once again in the most recent auction. At $2.05 per ton of CO2 equivalent emissions, the most recent price is about 6 percent lower than the September auction, which netted $2.19 per ton, reports Greenwire.
    California recently put into motion its own cap-and-trade plan. The program would cap emissions of large emitters including power plants, refineries, cement plants and other big factories at 15 percent below today’s levels by 2020, and allow companies to buy and sell emissions allowances to meet their goal.

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