Camco auction a boost for carbon trading
Published August 29th, 2008
Camco International, the Aim listed climate change business, held its first auction of carbon certificates to companies seeking offsets to meet pollution reduction targets.
The auction of 5.8m tonnes of carbon was over-subscribed four times as oil companies and utilities bid for the equivalent of almost 24m tonnes to avoid breaching EU greenhouse gas emission regulations and facing fines.
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