Government may auction carbon credits
The UK’s Telegraph is reporting that the Government may auction carbon credits.
The government is considering plans to stage an auction of carbon credits that could raise hundreds of millions or even billions of pounds from industry as part of a shake-up of Britain’s role in the €50bn (£34bn) EU emissions trading scheme.
The market for carbon credits in Britain is worth around €10bn.
Of course they are not auctioning the credits to you and me, we fall well below the radar, but you can offset your own footprint anyway by buying carbon credits at a stable price through Carbon Planet. — DS
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