Back On The Market
AUCKLAND, NZ – This week, I missed Wednesday.
Normally, the perils of crossing the International Date Line en route to field sites don’t bother me. After all, who really minds missing the middle of the working week?
But this time, Wednesday’s absence bothered me. That’s because two days ago, California officially opened its carbon cap and trade market with the first sale of emissions permits since the state passed landmark climate change legislation six years ago.
Given that the state of California does enough business to rank as the world’s 9th largest economy, and that its emissions trading…