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Domestic policy

California to net less than planned from carbon market

SAN FRANCISCO, Jan 10 (Reuters Point Carbon) - Weaker-than-anticipated demand for permits at California's inaugural carbon auction has caused the state to lower its forecast for expected cap-and-trade revenue from $1 billion to $200 million for the year, dealing a blow to the governor's plans to use the money to fund a costly high-speed rail project.

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