The new study determined that carbon forestry offsets, which allow polluters to reduce carbon emissions out-of-state rather than in impacted communities near large pollution sources, is a beneficial climate program.
Caling the upcoming vote on AB 398, which has created strange political bedfellows, "the most important vote of your life," Gov. Jerry Brown cast the decision as choosing between "massive new regulations" and market-based mechanisms.
California is demonstrating that improving the economy and the environment go hand in hand. A new inventory report from the state's Air Resources Board notes changes in gross domestic product, population, and greenhouse gas emissions since 2000.
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.