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California capitol

Carbon Auction Raises $331.8M

California capitolCalifornia raised $331.8 million at its latest carbon auction, held Aug. 18.

The state’s eighth cap-and-trade auction sold all 22.5 million allowances to release carbon emissions this year, with companies paying $11.50 a ton for the 2014 carbon credits.

The state also sold an additional 6.5 million permits that can’t be used until 2017 of the 9.3 million offered for $11.34 a ton.

The carbon price at the Aug. 18 auction was the same as the state’s seventh auction, held in May, and slightly higher than the previous two auctions in February and November, each of which sold allowances for $11.48 each.

Photo Credit: California state capitol building via Shutterstock

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One thought on “Carbon Auction Raises $331.8M

  1. Human waste turned to power, money at Inland Empire plant
    Video below of what is happening in California at municipal wastewater treatment plants using fuel cell technology to produce 3 value streams of electricity, hydrogen and heat all from a human waste! This is pretty impressive in my opinion for hydro-refueling infrastructure.
    “New fuel cell sewage gas station in Orange County, CA may be world’s first”
    “It is here today and it is deployable today,” said Tom Mutchler of Air Products and Chemicals Inc., a sponsor and developer of the project.
    Hyundai “Tuscon” Fuel Cell Vehicle
    $499 per month w/ Free Fuel & Free Maintenance from Hyundai!!! (pure water for exhaust)

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