Posts Tagged: cap-and-trade

Cap-and-trade: Fix needed now on regulation

A powerplant at sunset. (Photo: David Crockett)

by SHELLY SULLIVAN posted 01.23.2015

Gov. Jerry Brown proposed in his recent state-of-the-state address that California should take steps to approve an aggressive new greenhouse gas reduction goal for 2030. This additional proposal would take California beyond the current 2020 goal set by Assembly Bill 32, the California Global Warming Solutions Act of 2006. The AB 32 Implementation Group is concerned that creating a 2030 goal will shift attention away from current regulations that are intended to meet the greenhouse gas emissions goal California’s elected officials adopted in 2006 for 2020.

Brown targets education, cap-and-trade money

Gov. Brown and aides head to a Capitol briefing on his latest state budget. (Photo: AP/Rich Pedroncelli)

by JOHN HOWARD posted 01.09.2015

Jerry Brown kept the purse strings tight on the University of California, but proposed an $8 billion boost for public education and wants to spend $1 billion of cap-and-trade auction money on high-speed rail. transit and related projects. In the first budget of his last term in office, the Democratic governor offered a $164 billion spending plan — $113 billion of it in the General Fund, the state’s coffer of sales, income and business taxes — for the 2015-16 fiscal year that begins July 1.

Senate leader: No delay in cap-and-trade plan

A motorist pumps gas at a Costco station in South San Francisco. ((Photo: Broken Sphere)

by JOHN HOWARD posted 08.25.2014

An attempt to delay inclusion of transportation fuels in California’s program to fight greenhouse gases has been blocked by the leader of the Senate, who said any delays would harm the public’s health and diminish air quality. Senate Leader Darrell Steinberg, D-Sacramento, said the bill, AB 69 by Assemblyman Henry Perea, D-Fresno, would not receive a hearing before the legislative session adjourns on Aug. 31, a move that virtually assures the measure’s demise.

Many large employers in California were scheduled for massive greenhouse gas (GHG) “cap-and-trade” cost increases starting in 2015.  Now state regulators propose to delay any increase until 2018 at the earliest.   This is good news for manufacturers and thousands of California workers with high wage manufacturing jobs.  Food processors, consumer products firms, aerospace, chemical and

As California’s cap and trade auction moves forward, ethical people of all viewpoints should be able to agree that citizens deserve an open and transparent process.  Assemblywoman Shannon Grove and Senator Ricardo Lara have introduced important accountability measures, AB 245 and SB 726 respectively, that would place the cap and trade auction back in the

California’s second cap-and-trade auction is being held today, with more than 23 million greenhouse gas emission credits on the block.

The credits, known as allowances, allow industries and other emitters of greenhouse gases to continue in operation as they gradually reduce emissions as required by state law. Several hundred entities are expected to participate

The Feb. 19 auction  of emission allowances, a key piece of California’s law to curb climate-changing greenhouse gases, will carry a slightly higher reserve price than last November’s cap-and-trade auction, the state’s top air-quality regulator told lawmakers on Monday.

Mary Nichols, the chair of the California Air Resources Board, said the per-allowance reserve, or

It was kind of like eBay.

For three hours on Wednesday, millions of dollars worth of pollution credits were expected to be sold to scores of companies at California’s first auction under the state’s 2006 law to curb greenhouse gas emissions.

The auction, which went forward despite legal challenges, is unique among the states,