US states auction off right to emit global warming pollution
30 Sep 2008
US Power plant owners and speculators on Friday bid for the right to emit carbon dioxide as part of a new multistate government programme designed to reduce global warming pollution.
Interested parties during an online auction offered at least $1.86 per ton of CO2 emitted; there were 12 million allowances (one per ton) to emit climate change-inducing CO2 from power plants in eastern seaboard states from Maine to Maryland available in a market known as the Regional Greenhouse Gas Initiative (RGGI).
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Pacific Island nations support China's Taiwan claims at high-profile foreign ministers' meeting
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