When California's carbon market launches in November, it will become the second-largest in the world. A test auction conducted this week with 150 of the companies to be involved in the program went off without a hitch.
With the successful online test auction held yesterday, all systems seem ready to go for the launch of California's cap-and-trade carbon market this fall, reports Tim McDonnell.
"The plan,
which officials hope will put the country's most populous state on
track to cut greenhouse gas emissions 80 percent by 2050, isn't the
first carbon trading scheme in the U.S.: The Regional Greenhouse Gas
Initiative (RGGI), a collective of several northeastern states
(including Massachusetts, which rejoined a
few years after being forced out by then-Gov. Mitt Romney), has been
auctioning carbon credits, called allowances, since 2008."
"But unlike
RGGI, which applies only to power plants, California's plan extends to
all sectors of the economy, which means businesses from paper mills, oil
refineries, and universities to pharmaceutical manufacturers, steel
mills, and food processors like PCP will have a stake in California's
campaign against climate change," writes McDonnell.
"'It's like some brave new adventure,' said Mona Schulman, a PCP vice
president, as she waited for the fall of the digital gavel (the auction
is held online) to start bidding. 'Everybody's in favor of clean air and
the environment being healthy, but there's a lot of uncertainty down
the road.'"
Read the full story: Curtain rises on California’s planned carbon market
California lawmakers secure climate funding from Newsom
Senate Democrats fought for the deal after changes to California’s carbon market threatened climate program allocations.
California’s Cap and Trade Program Up in the Air
The state’s carbon trading program is being attacked as ineffective from one side and overly onerous from the other.
China Cutting Carbon
China turning over a new leaf on pollution and greenhouse gases.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Chicago breaks ground on $3 billion megadevelopment
The new neighborhood, titled Foundry Park, will one day host 3,700 residences.
This MA town is drowning in its own sewage — and residents like it that way
Susan Murcott, a waste water expert, said if Carlisle didn't address their leaking sewage, the problem could turn “deadly.”
Feds to more closely scrutinize proposed Amtrak facility’s environmental impact
The Federal Railroad Administration had initially said the facility qualified for a less extensive environmental review.
Boston is hard to build housing in: its chief of planning wants to keep it that way
Chief of Planning Kairos Shen said she would not make changes to Boston’s affordability requirements for new housing, which critics say have slowed down development.
California plans to bury El Niño’s downpour
If the state plays its cards right, it may be able to store a billion acre-feet of El Niño’s water in aquifers.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
Hunter College, City University of New York (CUNY)
The Architects Foundation
University of Cincinnati Online
Montrose County
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello