Government
Nov. 16, 2013
State authorized to auction carbon credits, court rules
A Sacramento County judge has upheld a key part of the state's groundbreaking carbon trading market, ruling that the state is authorized to auction carbon credits.
By Fiona Smith
Daily Journal Staff Writer
A Sacramento County judget has upheld a key part of the state's groundbreaking carbon trading market, ruling that the state is authorized to auction carbon credits as part of its battle against climate change. Superior Court Judge Timothy M. Frawley on Tuesday rejected claims by business groups, including the California Chamber of Commerce, that the state's carbon auctions are an illegal tax on the largest emitters of greenhouse gas ...
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