California Cancels Carbon Permit Reserve Sale After No Bids
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California canceled a supplementary sale of carbon permits scheduled this week after receiving no expressions of interest from factories and power stations, the state emissions market administrator said.
“As of the bid guarantee deadline of February 27, 2013, no covered entities or opt-in entities had indicated an intent to bid at the March 2013 reserve sale and provided a bid guarantee,” the State Air Resources Board said in an e-mailed statement. “Therefore, the Air Resources Board will not be holding the reserve sale scheduled for March 8, 2013.”