Archives

Posts Tagged ‘cap and trade’

Yesterday Governor Jerry Brown issued the May revise to his 2015-16 proposed budget, and it includes $500 million for high speed rail: Securing annual funding for high-speed rail — which was awarded $250 million in the last budget and stands to receive $500 million in the next — was a key victory for Brown. “It’s […]

May 16th, 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

The Legislative Analyst’s Office is out with a new report that suggests actual cap-and-trade revenues will be well above the conservative estimates made in the Governor’s budget proposal: Based on our analysis of different factors (such as prior auctions and studies that projected future allowance prices), we consider the moderate-revenue scenario the most likely of […]

Mar 1st, 2015 | Filed under Uncategorized

Despite dire predictions of massive increases in gas prices on January 1 now that gasoline and other fossil fuels are subject to the cap and trade system, gas prices in California appear to have barely moved: There’s a small bump in overall prices from January 1 to January 3. But that pales against the enormous […]

Jan 3rd, 2015 | Filed under Uncategorized