Posts Tagged: credits

Opinion

Needed: Good-time credits for lifers

Sunlight streams through the bars of a prison cell. (Photo: nobeastsofierce, via Shutterstock)

OPINION: Proposition 57’s 50 percent good time credit should be applied retroactively to all incarcerated people, including lifers who committed violent crimes. Contrary to popular fears, releasing reformed lifers may be the best thing we can do to reduce violent crime.

News

Who decides on greenhouse gases: Voters or lawmakers?

A smog-tinged view in black and white of Century City, Beverly Hills and West Los Angeles. (Photo: Trekandshoot, via Shutterstock)

It’s a familiar fight in the Capitol: Oil companies and their allies say jobs and Californians’ ability to get from place to place at reasonable cost are at stake, which can have a dramatic impact on lower income workers. Environmentalist say the future of the planet is what it’s all about, starting in California. Ultimately, the issue may be decided by millions of voters — not Sacramento lawmakers.

Opinion

Memo to Brown: Affordable housing is a life and death matter

A family housing illustration by arka38, via Shutterrstock

OPINION: The same day Governor Jerry Brown delivered his proposed state budget, Barbara Brown died of exposure on a skid row street during an El Niño storm. More than the coincidence of a common last name links the two. As a literal storm killed this unfortunate woman, Gov. Brown once again ignored California’s worsening housing crisis, instead calling on the state to squirrel away $2 billion on top of required state reserves in order to save for an economic “rainy day.”

News

Patty Lopez: The upstart defined

Patty Lopez, a contender in the close-run 39th Assembly District trace, came from obscurity to prominence. (Photo: Lopez staff)

Patty Lopez is more comfortable speaking Spanish, but she’s not afraid to be a voice for her community. That’s why she decided to compete against a well-known, well-connected incumbent for a San Fernando Valley Assembly seat. Nearly two weeks after Election Day, Lopez and incumbent Assemblyman Raul Bocanegra, are locked in a race that’s too close to call in the 39th District.

News

Tax credit: Lights, camera, action

California’s TV and film tax incentive appears as popular as ever, despite a rash of negative news coverage of an FBI undercover sting of a state senator in which an industry tax break figured as a lure. “The FBI could have picked any topic from any industry to mount a sting,” Assemblymember Raul Bocanegra, D-Los Angeles, said recently at the Hollywood Chamber of Commerce’s 2nd Annual State of the Industry Conference.(Photo: Stan Rudich)

News

California’s second cap-and-trade auction today

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

News

More than a quarter billion dollars spent on carbon credits

Companies spent nearly $100 million an hour to buy carbon pollution credits at California’s first auction under the state’s law to curb greenhouse gas emissions.

 

Despite the hefty price tag, the final per-credit price was nearly the bare-minimum — $10 each — required by the auction and more than $2 below the per-credit market

News

State’s first cap-and-trade auction in the history books

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,

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