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Governor signs California carbon bills

Governor signs California carbon bills Governor Jerry Brown signed two bills addressing how California will use the revenue generated from the state’s carbon allowance auctions. An account will be created to hold the auction revenue as California’s Department of Finance and the Air Resources Board develop a spending plan, expected to be released next year.

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204,000 carbon allowances trade in California

204,000 carbon allowances trade in California 204, 000 California carbon allowances (CCAs) traded in a busy week for the state’s carbon market. Prices for the CCAs to be delivered in 2013 closed at $15.20. The California Air Resources Board has confirmed that it is on schedule to hold its first carbon allowance auction on November

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GE announces most efficient natural gas plant

GE announces most efficient natural gas plant According to General Electric (GE), their new FlexEfficiency 60 natural gas power plants offer a 56,000 ton emission reduction over current models in use today. Since the discovery of vast natural gas deposits located deep underground in shale formations across the US, many electric generators have shifted to

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California carbon trading at $15.70

California carbon trading at $15.70 The price for California carbon allowances (CCAs) to be used in the state’s emission reducing carbon market gained 10 cents on the previous week to close at $15.70. However, some trades for CCAs to be delivered in 2013 were reported in the $16 range. 75,000 CCAs traded on the Intercontinental

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21.8 mil carbon allowances to be auctioned

21.8 mil carbon allowances to be auctioned 21.8 million California carbon allowances (CCAs) for delivery in 2013 will be sold at the state’s first carbon auction, scheduled for November 14. According to the California Air Resources Board (ARB), the group responsible for implementing the state’s economy-wide carbon market, an additional 39.5 million CCAs for delivery

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289,000 carbon allowances trade in California

289,000 carbon allowances trade in California In a very busy week, 289,000 California carbon allowances (CCAs) for delivery in 2013 traded over the Intercontinental Exchange. The bulk of this week’s trading hovered about $16 per CCA before the market closed at $15.60. The California Air Resources Board will announce allowance allocation for utilities on Friday,

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Forest Carbon project issued 200,000 credits

Forest Carbon project issued 200,000 credits A Forestry project based in Maine expects to deliver 200,000 carbon offset credits for use in the California carbon market. The Improved Forest Management (IFM) project encompasses 19,118 acres and was registered under the Climate Action Reserve. IFM projects require that landowners adjust the management practices of their properties

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Top S&P 500 businesses address carbon

Top S&P 500 businesses address carbon According to a 2012 survey, a majority of Standard & Poor (S&P) 500 businesses have already taken steps to address their carbon emissions. The survey was conducted by the Carbon Disclosure Project, a nonprofit group that assists companies in measuring and sharing their environmental information. Over 300 organizations took

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California carbon trading at $16.60

California carbon trading at $16.60 A healthy volume of 175,000 California carbon allowances (CCAs) traded over the Intercontinental Exchange during the course of the week. Prices for CCAs to be delivered in 2013 closed at $16.60, up 30 cents from last week. California Carbon offset (CCO) credits gained attention as a major emitter plans to

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California holds mock carbon allowance auction

California holds mock carbon allowance auction California took another step towards launching its carbon market as it held a mock allowance auction this Thursday, August 30. The mock California carbon allowance (CCA) auction was held by the state’s Air Resources Board (ARB) in order to test the bidding platform and to allow regulated businesses to

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California carbon trading at $16.30

California carbon trading at $16.30 Prices for California carbon allowances (CCAs) closed at $16.30 this week, as 40,000 CCAs traded over the Intercontinental Exchange. Trading volume was down as market participants observed the mock CCA auction that was held on Thursday, August 30. The California Air Resources Board (ARB) held the mock auction to test

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Obama targets industrial energy efficiency

Obama targets industrial energy efficiency President Obama has issued an executive order setting a target to produce 40 gigawatts (GW) of combined heat and power energy by 2020. The announcement demonstrates the Obama administrations focus on renewable energy development. By improving the efficiency of their operations, industries can expect significant cost savings. Under the current

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