Governments must take correction actions to address climate change, warned Pope Francis in his June 18 encyclical, but cap-and-trade, which places a price on carbon emissions but can lead to speculation, is not one of them.
Jun 22, 2015 San Francisco Chronicle
California's cap-and-trade market saw its largest carbon sale, $1.02 billion, thanks to millions of motorists now paying about a dime a gallon for the right to emit carbon for the first time since the program began in November 2012.
Mar 3, 2015 The Sacramento Bee
A carbon tax based on Alaska's Permanent Fund, where tax revenues are returned to residents, is the model for legislation proposed by Senators Boxer (D-CA) and Sanders (I-VT) in response to Pres. Obama's call for Congress to act on climate change.
Feb 19, 2013 San Francisco Chronicle
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