Carbon auction results due Monday

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The results of the nation’s first greenhouse gas auction are due on Monday.

The three-hour Regional Greenhouse Gas Initiative auction took place yesterday.

A coalition of 10 northeastern states is hoping the auction will help curb global warming.

The auction was run by World Energy, an operator of online green exchanges. The bids will be used to determine a clearing price based on supply versus demand.

The cap-and-trade program is viewed as a model for a national program. It includes New York, Connecticut, Delaware, Maine, Maryland, Massachusetts, New Jersey, New Hampshire, Rhode Island, and Vermont.

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