July 6, 2015, 6am PDT
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.
March 31, 2014, 8am PDT
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.
January 17, 2014, 9am PST
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 7, 2014, 9am PST
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?
The Sacramento Bee - Capitol Alert
November 26, 2013, 10am PST
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?
February 25, 2013, 10am PST
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.
December 30, 2012, 11am PST
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.
The New York Times - Business Day - Energy & Environment
December 8, 2012, 11am PST
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.
November 21, 2012, 12pm PST
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 20, 2012, 10am PST
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 15, 2012, 8am PST
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.
The Sacramento Bee - Business
October 21, 2012, 9am PDT
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.
The New York Times - Environment
April 7, 2012, 5am PDT
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?
March 24, 2011, 5am PDT
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.
November 1, 2010, 10am PDT
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!
May 23, 2010, 7am PDT
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.
Greenwire via The New York Times - Energy & Environment
January 30, 2010, 5am PST
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.
July 23, 2009, 12pm PDT
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.
June 24, 2009, 6am PDT
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.
Center for Clean Air Policy Press Release