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Posts Tagged ‘AB 32’

The most recent auction of cap-and-trade permits, jointly held by California and Québec, generated $630 million in revenue for California alone. That’s just the first quarterly auction of the year – if the other three raise a similar amount of money, California will have raised around $2.5 billion. And since 25% of the yearly take […]

Mar 19th, 2015 | Filed under Uncategorized

Earlier this year oil companies began spinning up a new attack on AB 32 and the state’s wildly successful cap-and-trade system. They convinced a few moderate Democrats that applying cap-and-trade to fuels this coming January would ruin their political chances this November, as it would supposedly cause gas prices to soar. Those Democrats wrote a […]

Aug 25th, 2014 | Filed under Uncategorized

California Democrats just adopted a budget that includes ambitious spending plans for cap-and-trade revenues. That’s as it should be. But you’d think Democrats would be a bit more cautious before they go undercutting the source of those funds. That is what 16 Democrats are proposing to do. They recently wrote to the California Air Resources […]

Jul 6th, 2014 | Filed under Uncategorized

Last week the California State Senate joined Los Angeles Mayor Eric Garcetti to announce their proposal to use the more than $1 billion in annual cap-and-trade revenues. It’s a great plan that would finally deliver serious, stable revenues to transit and high speed rail in California. Here’s the detailed plan: • 25% for transit operations […]

Jun 8th, 2014 | Filed under Uncategorized