Cap and trade
Starting in January, gas prices in California will creep up again with much of the additional money generated going toward Gov. Jerry Brown’s embattled high-speed rail project.
Words like “selfie,” “turducken” & “hashtag” have officially entered American vernacular…
Starting next year, a new law will force fuel distributors into the same cap-and-trade marketplace as utilities and major manufacturers. The oil industry says it will lead to price increases.
A component of California’s landmark offensive against greenhouse gas emissions is not sitting well with some environmental groups.
The Pacific Legal Foundation filed suit Tuesday in Sacramento County Superior Court, arguing the state’s so-called cap-and-trade system is an illegal tax.
The sale of California’s first pollution permits will generate less money than expected for the state budget.
State regulators say California’s first auction of greenhouse gas emissions permits went smoothly, and all of the pollution permits available for 2013 were sold.
California’s new system for limiting industrial greenhouse gas emissions by putting a price on carbon is not likely to spur a similar federal program anytime soon, but it might influence other states to follow suit.
California has begun auctioning permits for greenhouse gas emissions, launching what is expected to be the world’s second-largest carbon market.
California’s largest business group filed a lawsuit Tuesday challenging the validity of the state’s cap-and-trade program on the eve of the first pollution permit auction.