Here’s an interesting little nugget on the carbon market in US Northeast:
Carbon dioxide emission permits gained in the latest auction in a regional program to reduce greenhouse gases from power plants…[rising] to $3.51 a ton from $3.38 a ton in the prior auction…
“The price surge suggests that early actors will be rewarded under a forthcoming federal cap-and-trade program,” said Josh Margolis, co-chief executive officer of CantorCO2E in San Francisco, a unit of securities firm Cantor Fitzgerald LP.
So—at least market observer thinks that businesses in states that have taken early action to fight climate change will get a leg up once a federal cap-and-trade program is in place. That’s one more reason for the Northwest states to keep moving forward on climate pricing legislation.