A panel of federal judges on Wednesday upheld California’s first-in-the-nation mandate requiring fuel producers to reduce greenhouse gas emissions.
President Barack Obama declared the debate over climate change and its causes obsolete Tuesday as he announced a wide-ranging plan to tackle pollution and prepare communities for global warming.
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.
California regulators on Thursday approved the first system in the nation to give polluting companies such as utilities and refineries financial incentives to emit fewer greenhouse gases.
A new poll shows a ballot initiative that would suspend California’s greenhouse gas emissions law losing support.