Trial run for cap and trade auction

SFGate.com ^ | 8/29/12 | David R. Baker

[NormsRevenge]

Come November, California will open North America's first full-scale carbon market, in which companies buy and sell the right to emit greenhouse gases from their factories, power plants and oil refineries.

It's a major undertaking involving hundreds of companies and - potentially - billions of dollars. Success or failure could have big implications for California's fight against climate change, not to mention the state's fragile economy.

So on Thursday, California officials plan to stage a dress rehearsal.

The California Air Resources Board will hold a practice auction, giving future players in the carbon market a chance to see how the process works in real time.

[NormsRevenge]

'real-time' carbon credit trading? just a trial run?

what insanity befalls us?

CARB: courtesy of aRnold and the greens and AB 32.

[NormsRevenge]

Economic incentives to cut greenhouse emissions / SF

[FlingWingFlyer]

When they “buy” this “nothing”, who gets the money?

[JPG]

How many CA companies are looking at this idiocy and saying, “That’s it, we’re outta here”?

[Diogenesis]

NormsRevenge"When they “buy” this “nothing”, who gets the money?"

Part goes to those who set it up.

Which is why Mr. RomneyCARE supports this 100%.

Like the DNC, he has already invested in it, with his partner Soros.

It is doubtful that it can be stopped, even though a hoax.

[AU72]

"Honest Abes Carbon Trading Emporium"
"You can trust us, we're not like the others"

[EGPWS]

California will open North America's first full-scale carbon market, in which companies buy and sell the right to emit greenhouse gases from their factories, power plants and oil refineries.

We have been overrun by madmen, it's the only explanation.

[EGPWS]

It is doubtful that it can be stopped, even though a hoax.

Well, there is two people now that I know that see it for what it is.

[Pollster1]

The far left doesn't care if it's a hoax. I find their indifference amazing.

[EGPWS]

When they “buy” this “nothing”, who gets the money?

Nobody.

Just watch for who suddenly is bestowed with an instant cash flow for no reason however and what happens to the cost of living.

[Ole Okie]

How many CA companies are looking at this idiocy and saying, “That’s it, we’re outta here”?

Don't know, but if I were CEO of a California company using fossil fuels or otherwise producing CO2, I'd be looking to emigrate to Texas.

[Vide]

And where are the carbon credits "manufactured"? In China of course, like everything else.

"They quickly figured out that they could earn one carbon credit by eliminating one ton of carbon dioxide, but could earn more than 11,000 credits by simply destroying a ton of an obscure waste gas normally released in the manufacturing of a widely used coolant gas."

Source NYT 8/9/12

[Temujinshordes]

I have, through judicious dietary habits, managed to keep my cholesterol level extremely low. If anyone would like to go out tonight and enjoy a steak dinner, I will be more than happy to sell you some cholesterol credits. Cash only.

[chaos_5]

If im not mistaken BP is pulling its operation from
the state.

[DoughtyOne]

FYI

[Vide]

See #12. The manufacture of Carbon credits is like a plastic surgeon getting 11,000 cholesterol credits for undertaking not to perform liposuction with a drinking straw.

[jimsin]

well then WHATS THIS?

DIDN'T THIS THING DIE 2 YRS AGO?

'Death to the Chicago Climate Exchange ($7.40 to a nickel per CO2 ton, the market has spoken) By William Griesinger www.masterresource.org November 18, 2010' “One of the keystones of the Climate Change alarmist movement was its audacious attempt to create a functioning market by monetizing the atmospheric gas known as CO2…. Certainly, gaming the system has always been at the top on the agenda of the new green eco-trader.” - Patrick Henningsen, “The Great Collapse of the Chicago Climate Exchange,” 21st Century Wire, August 28, 2010. We were tipped off by the August 28th headline, “The Great Collapse of the Chicago Climate Exchange,” by Patrick Henningsen, editor of 21st Century Wire. And now it is official as reported by Chicago Business, Fox News , and Crain’s Chicago Business (sub. required): the Chicago Climate Exchange (CCX) is dead. Trading in carbon-dioxide (CO2) emission contracts at CCX has basically ceased with member emissions-reduction agreements expiring at the end of the year.

http://www.masterresource.org/2010/11/death-chicago-climate-exchange/

[NonValueAdded]

The idea is that by assigning a monetary value to the cost of polluting the air, individuals and companies would be encouraged to develop and fund cleaner alternatives or simply pass along the cost to their consumers. There, I fixed it.

[VanShuyten]

So, how do I get me some of them carbon credits assigned to me? The missus says I generate too much methane, so I must fit the requirement. I figure later on after I cut down on the beans, cheese and Schlitz, I’ll have a surplus I can sell for a profit! Where do I sign up?

[Iron Munro]