IT was That is, equivalent to warning sirens. The results of the latest carbon suits auction in California, which were released on May 29, showed that prices have reached Earth. Each quarter of companies are out of credits that cover greenhouse gas emissions. The demand is weak, and the decrease in revenues from the auction is bad news for legislators who are already trying to connect a budget deficit of $ 12 billion. The poor offer is also an indication that companies are not sure that the CAP-AND TROADE program in California, the fourth largest carbon market in the world, will continue to exist.
