California Emitters May Run Short of CO2 Offsets: Camco
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California’s greenhouse-gas emitters may run short of emission offsets at the beginning of the state’s carbon market, as happened at the start of Europe’s program, according to Camco International Ltd.
Credits for the state’s market from agricultural methane-cutting projects have surged 27 percent to $8.88 a metric ton since the end of June, according to prices from Karbone Inc., a New York broker. That’s near their average $8.85 a ton in the past year. California allowances for December 2013 slipped 4.3 percent to $16.50 a metric ton since June 30.