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Posts Tagged ‘cap and trade’

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

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