Quebec Carbon Credits Sell for Lowest Price in First Auction
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Quebec sold a third of the carbon-emission allowances offered in its first cap-and-trade auction this week and the permits cleared at the lowest possible price.
Bidders purchased 1.03 million of the 2.97 million 2013 permits auctioned Dec. 3, according to results released by the province today. They sold for the floor price of $10.75 per metric ton of carbon dioxide because of the low demand.