Australian Factories Meet Carbon Deadline Ahead of Cap-and-Trade
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Australian factories and power stations handed in carbon permits and offsets covering 212 million metric tons of greenhouse gases emitted in the past year as the nation prepares for a cap-and-trade program in 2015.
Companies were obliged to surrender permits covering 75 percent of their emissions in the year to June 30 by an interim deadline on June 17, data from the nation’s Clean Energy Regulator show. The balance of allowances must be surrendered by Feb. 3.