California’s foray into the world of regional carbon markets hasn’t been the grand success it was promised to be. As the Sacramento Bee reports, a recent auction of carbon credits brought in a paltry 2 percent of the revenues it was expected to generate:
View ArticleMarket analysts believe that there are still far more allowances available for sale than buyers want or need, and thus future auctions are likely to fall short as well…major underlying factors are still there – including a glut of allowances and uncertainty over the program’s legality and future.