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Posts Tagged ‘cap and trade’

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

2014 was the best year for California high speed rail since at least 2008, when voters approved the Proposition 1A bonds. But there’s an argument it might have been even better than that. Let’s take a quick look back at the year that was. • Cap and trade money secures California HSR’s future. The June […]

Dec 31st, 2014 | Filed under Uncategorized