May 15, 2017, 2pm PDT
While California cap-and-trade survived a legal challenge last month, a haze still surrounds the program. Carbon permit sales are low, and the program's longevity is threatened after 2020. A new bill was introduced to transform the program.
January 21, 2016, 11am PST
Despite continued dispute over their effectiveness, carbon taxes and cap-and-trade programs in the United States and Canada have raised billions of dollars. And China has now followed suit.
June 22, 2015, 6am PDT
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.
March 3, 2015, 9am PST
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.
February 19, 2013, 9am PST
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.
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.