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,