So it begins. California is now on its way to carbon trading. The first wave is to hit in November for Industries here in California. Only 10 percent of the credits will be auctioned in the first year and by 2020 50 percent will be auctioned.
I have never been an advocate of the carbon credit/carbon trading. Touted as a simple Pigovian Tax (like any Pigovian tax is simple) It’s aim is to reduce carbon emissions. The idea is to put a limit on carbon and then have the market trade… Continue