Yesterday, the N.Y. Mercantile started auctioning mandatory carbon allowances under the Regional Greenhouse Gas Initiative. They're mandatory, that is, if you're an electric power producer, located in any of ten northeastern US states, whose generation process burns fossil fuels. (So if you're a chemical plant, or have business operations only in Alabama, or you're strictly into wind- or hydro-powered generation, your don't really care.)
Al Ain, United Arab Emirates
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