Monday, February 18, 2013

California's second cap-and-trade auction set for Tuesday

The water in the pot is slowly getting warmer.  And yet, the frog doesn't even notice.
Now comes a second auction that will offer about 12 million permits good over the next three years - plus another 9 million permits for use after that. Each permit represents a metric ton of carbon; that’s about how much you release when you use just over a hundred gallons of gas.

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