California's second auction saw a 35% increase in the price paid for a carbon pollution permit to $13.62, while prices at the much larger European market continue to fall and permits go unsold. The price there recently fell to $6.46.
Feb 25, 2013 Bloomberg News
Finding the right price for carbon is no easy task. It needs to be high enough to encourage industries to reduce their emissions, but not too high so as to cause them to move out-of-state or make them uncompetitive with non-California competitors.
Dec 30, 2012 The New York Times - Business Day - Energy & Environment
Dr. James Hansen was awarded the prestigious Stephen H. Schneider climate award at the Commonwealth Club in S.F. on Dec. 4 and chose to trash CA's landmark cap-and-trade program, preferring a 'simple, clean carbon tax'. Gov. Brown was attending.
Dec 8, 2012 San Francisco Chronicle
It's official - for large industrial sources in California, the cost for emitting a ton of carbon dioxide or equivalent is $10.09 - nine cents above the minimum price set by the Air Board. That was the price paid at the first auction on Nov. 14.
Nov 21, 2012 San Jose Mercury News
California residential utility customers will receive a 'climate dividend', about $30 twice a year as part of the nation's first comprehensive 'cap & trade' program if the CA Public Utility Commission accepts a staff proposal at its Dec. 20 meeting,
Nov 20, 2012 San Francisco Chronicle
California's climate law reached a milestone on Nov. 14 when the state auctioned its first carbon credits in the 'Cap & Trade' provision of the bill. But that didn't stop the CA Chamber of Commerce from filing suit against this provision of the law.
Nov 15, 2012 The Sacramento Bee - Business
With the nation's first, broad application of cap & trade to reduce greenhouse gas emissions set to begin on January 1, <em>The New York Times</em>' environmental reporter Felicity Barringer writes about the key role of carbon offsets.
Oct 21, 2012 The New York Times - Environment
While the revised business plan did shave off $30 billion, there remains a $55 billion funding shortfall. Dependent on federal and private funds that may never appear, could revenue from the sale of carbon credits bridge the funding gap?
Apr 7, 2012 San Jose Mercury News
Environmental justice advocates have been able to do in court what oil companies unsuccessfully attempted at the polls in November: deal a severe blow, if only temporarily, to CA's landmark climate law AB 32 by challenging the cap & trade provision.
Mar 24, 2011 San Francisco Chronicle
CA Air Resources Board announced some of the important elements of the carbon trading scheme they developed for the 500 largest stationary emitters in the state. Of course, if Proposition 23 should pass on Nov. 2, forgetaboutit!
Nov 1, 2010 The Sacramento Bee