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Posts Tagged ‘AB 32’

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

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