Australia Promotes Carbon Market With First Trading Licenses

Bloomberg: Australia's Securities and Investments Commission granted the first 11 licenses to trade emission permits in Australia, a sign that a carbon market is taking shape despite a political threat to end the program. "A market is beginning to develop, premised on the steady flow of issuance of carbon units," Craig McBurnie, a senior specialist for the commission, said today at the Carbon Expo in Melbourne. Australia began charging about 300 of its largest emitters a price of A$23 ($24) a metric ton...

URL: http://www.bloomberg.com/news/2012-11-07/australia-promotes-carbon-market-with-first-trading-licenses.html