Download this post...California’s much-vaunted cap-and-trade system of reducing greenhouse gas emissions may be collapsing. This month’s quarterly auction of carbon dioxide emission allowances, which was supposed to generate more than a half-billion dollars for politicians to spend, brought in a paltry $10 million as the Air Resources Board sold a tiny fraction of the allowances...
California’s Cap-And-Trade Carbon Emission System May Be Failing
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