Cash from U.K. carbon auction may not go toward fixing climate

The United Kingdom held the E.U.’s first carbon-permit auction this week, raising some $80 million — but has angered environmentalists by socking away the funds into general coffers instead of promising to put the money toward tackling climate change.

The United Kingdom held the E.U.’s first carbon-permit auction this week, raising some $80 million — but has angered environmentalists by socking away the funds into general coffers instead of promising to put the money toward tackling climate change.

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