Archives

Posts Tagged ‘AB 32’

Ever since the weak May auction for California’s cap-and-trade permits, the discussion in Sacramento about how to save and extend the program has gone into overdrive. First, a quick refresher. There is some debate about whether the cap-and-trade system needs new legislation to continue operating beyond 2020 – and whether that new legislation requires a […]

Jul 12th, 2016 | Filed under Uncategorized

Last week the California Air Resources Board held an auction of carbon emission permits under the cap-and-trade system established in 2006 by AB 32. It did not go well. Only about a tenth of the available pollution credits were sold in an auction last week, according to results released Wednesday by the California Air Resources […]

May 28th, 2016 | Filed under Uncategorized

Well this is some nonsense. Governor Jerry Brown has called a special session to deal with the state’s enormous road maintenance backlog, estimated at $59 billion. The nonsensical part: two Kern County legislators want to raid the cap-and-trade funds to help pay for roads. And it’s a deliberate attack on high speed rail: Two local […]

Jul 1st, 2015 | Filed under Uncategorized

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