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.
California’s largest greenhouse gas emitters will begin buying permits in a landmark “cap-and-trade” system designed to control emissions of heat-trapping gases and to spur investment in clean technologies.
Californians routinely pay some of the highest gas prices in the nation, and the current cost of a gallon at the pump is no exception. But, drivers who think they’re being unfairly exploited by the oil companies should think again – says one UC Berkeley economist, who points to many other reasons why the cost of fuel is so high.
California air regulators have unanimously passed sweeping auto emission standards that include a mandate to have 1.4 million electric and hybrid vehicles on state roads by 2025.
A co-author of a study on reducing California’s level of greenhouse emissions to 1990 levels by the year 2020 says it’s ambitious, but attainable.
Truck operators said the expensive filters the Port of Oakland required them to install in lieu of buying newer model rigs that typically cost $100,000 will wind up being obsolete under new standards.