Cap & Trade

California First: Carbon Fees Used to Fund Affordable, Transit-Oriented Housing

On June 29, the California Strategic Growth Council awarded $121.9 million in Greenhouse Gas Reduction Funds to help build 28 affordable housing developments on major transit lines. Funding originates from proceeds of the cap-and-trade market.

July 6, 2015 - PR Newswire

Report: California High-Speed Rail Won't Meet Travel Time Requirement

In 2008, California voters approved the country's only true HSR project with a travel time of 2 hours, 40 minutes from L.A. to San Francisco. Anything more than that might cause legislators to balk at proposed cap-and-trade funding for the train.

March 31, 2014 - Los Angeles Times

FLV California train

California High Speed Rail Project Threatened with Loss of Federal Funding

On Wednesday, backers of California's embattled $68 HSR project were grilled by the chairman of the House Transportation and Infrastructure Subcommittee on Railroads, Pipelines, and Hazardous Materials, Jeff Denham (R-Turlock), who wants to kill it.

January 17, 2014 - The Fresno Bee

Jerry Brown's Hail Mary Pass for High Speed Rail

California's embattled high speed rail, which appears to be on life support following a Nov. court ruling, will receive funds from the state's carbon cap & trade program in Gov. Brown's budget to be released Friday. But will it make a difference?

January 7, 2014 - The Sacramento Bee - Capitol Alert

Will Washington State Be Next to Increase its Gas Tax?

With Pa.'s Republican governor signing a dramatic gas tax increase bill on Monday, will Washington state follow in their footsteps in forging a bipartisan deal between the Republicans who control the Senate and the Democrat majority in the House?

November 26, 2013 - The Seattle Times

Carbon Trading: A Tale of Two Continents

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.

February 25, 2013 - Bloomberg News

The Goldilocks Price for Carbon

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.

December 30, 2012 - The New York Times - Business Day - Energy & Environment

Preeminent Climate Scientist Blasts Cap & Trade

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.

December 8, 2012 - San Francisco Chronicle

Carbon Emissions Now Have a Price - in California

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.

November 21, 2012 - San Jose Mercury News

'Climate Dividend' Proposed for California Utility Customers

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,

November 20, 2012 - San Francisco Chronicle

California Auctions First Carbon Credits; Chamber of Commerce Sues

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.

November 15, 2012 - The Sacramento Bee - Business

Carbon Offsets Take Center Stage in California's Cap & Trade Program

With the nation's first, broad application of cap & trade to reduce greenhouse gas emissions set to begin on January 1, The New York Times' environmental reporter Felicity Barringer writes about the key role of carbon offsets.

October 21, 2012 - The New York Times - Environment

High-Speed Rail's Cap & Trade Gamble

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?

April 7, 2012 - San Jose Mercury News

Environmental Justice Advocates Deal Major Setback To AB 32

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.

March 24, 2011 - San Francisco Chronicle

California Carbon Trading Program Released - But Election Could Kill It

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!

November 1, 2010 - The Sacramento Bee

Report: Senate Climate Legislation Good For Economy

In the first major study of how the Senate climate legislation would affect the economy, a non-partisan think tank indicated it would create new jobs and reduce American reliance on oil and coal while increasing usage of both nuclear and renewables.

May 23, 2010 - Greenwire via The New York Times - Energy & Environment

California Considers Full-Cost Parking Bill

Having stalled in the state Senate last June, a bill that aims to "reduc(e) governmental or government-required subsidies for parking" passed out of the senate on Jan. 28. Parking strategies would be eligible for cap & trade credits under the bill.

January 30, 2010 - Los Angeles Times

Energy Secretary Steven Chu Entertains Daily Show's Jon Stewart

While the Comedy Show's Jon Stewart can't get too excited about “Cap & Trade,” Secretary of Energy Steven Chu does his best to explain the importance of the Waxman-Markey climate legislation to him.

July 23, 2009 - The Daily Show

New Report: Use Cap & Trade Revenue To Invest In Smart Growth

Cap and trade is the topic du jour in climate change circles. A new report from CCAP makes the economic case for using those revenues to promote smart growth that reduces transportation emissions though VMT reductions.

June 24, 2009 - Center for Clean Air Policy Press Release

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