Archive | Cap-and-Trade RSS feed for this section

CA Leaders Defer Cap & Trade Expenditure Decisions

12 Jun

As state lawmakers race to pass a budget for the upcoming fiscal year by June 15, they’ve decided to make any final decisions about how to spend the proceeds from carbon cap-and-trade program auctions later this session. Legislative budget conferees agreed that more time is needed to resolve substantial differences in both the amount of […]

The Buzz

8 Jun

The feisty Air Resources Board knocks hard on federal regulators’ door. The aim is to have a serious discussion with the Trump Administration about plans to knock out California’s tighter greenhouse gas controls for autos. Other potential bad news for the Golden State is the mega bucks it will cost if Trump et al succeed […]

Voters Reject 2/3 Voting Mandate for Cap-&-Trade

6 Jun

A ballot proposal aimed at constraining spending of the state’s carbon cap-and-trade auction revenue money went down in defeat June 5. It would have required a super-majority vote by the Legislature in 2024, in place of a majority vote, to spend cap-and-trade funds. Californians voted the measure down, with 63.6 percent opposing Proposition 70 and […]

The Buzz

31 May

More than $1 billion in electric truck and car charging funding gets the green light. The California Public Utilities Commission approves the investor-owned power utilities spending $738 million of ratepayer money on EV charging infrastructure, particularly for electric truck and bus chargers. That authorization follows California air quality regulators directing $423 million to subsidize the […]

The Buzz

24 May

The California Independent System Operator weighs increasing payments, primarily to battery-based storage. Multiple revenue streams are being considered for energy storage that provides transmission and other services in its markets. Critics warn that lack of an honest dialogue with the Air Resources Board over excess carbon allowances will cause the state to miss its target […]

CARB Takes Heat on Excess Carbon Allowances

24 May

Concerns about excess allowances in California’s carbon cap-and-trade program and how they may impact the state’s ability to reach its 2030 greenhouse reduction  goal were aired this week in the state capitol. During a May 24 hearing of the Joint Legislative Committee on Climate Change Policies, the question of whether extra allowances in the market […]

Climate Roundup: Environmentalists Sue EPA on Car Mileage Standards

15 May

The Sierra Club and other environmental organizations joined the legal fray this week over the Trump Administration’s plans to weaken federal mileage standards for autos designed to cut greenhouse gases and encourage production of electric vehicles. The Sierra Club filed suit in the U.S. Court of Appeals for the Ninth Circuit against the federal Environmental […]

Brown’s Budget Update Hikes Forest Fire Prevention Funds

15 May

Gov. Jerry Brown’s revised 2018-19 budget proposal released May 11 would allocate $1.25 billion in carbon cap-and- trade revenue to protect against climate change. Included is $256 million to reduce wildfire threats in the state, up from $220 million this fiscal year. Brown’s initial budget, released in January, included $160 million of cap-and-trade auction revenue […]

CEC Okays Funding Greenhouse Gases Cuts

10 May

The California Energy Commission May 9 approved a $277.5 million investment plan for its Alternative & Renewable Fuel & Vehicle Technology Program in fiscal year 2018-19. It is heavily weighted toward building electric vehicle charging infrastructure and refueling stations for hydrogen powered vehicles. Under the plan, CEC plans to provide $134.5 million to help build […]

The Buzz

2 Mar

Tin ears are prevalent this week. During the U.S. EPA’s public “listening session” in San Francisco mid-week on the agency’s plan to revoke the Clean Power Plan, Mary Nichols, California Air Resources Board head, questions agency officials’ hearing ability. The decibels in the room increase with the long line of speakers blasting the proposed repeal […]

Climate Roundup: First Joint Carbon Auction with Ontario Marked by Brisk Sales

28 Feb

California and Quebec’s first joint carbon emissions rights auction with Ontario resulted in the sale of more than 106 million allowances, which went for $14.61 apiece, according to a summary of the results released Feb. 28. In the Feb. 21 auction, 98,215,920 allowances for compliance in the current period were purchased—which amounted to all of […]

Climate Roundup: First Joint Carbon Auction With Ontario Slated

20 Feb

California and Quebec Province on Feb. 21 will hold their first joint greenhouse gas emissions allowance auction with Ontario Province. More than a million allowances are to be auctioned off at a minimum bid price of $14.53 apiece. Ontario officially linked its new carbon cap-and-trade program with California’s and Quebec’s at the beginning of this […]

JUICE: A Legislative Energy Agenda

6 Feb

As the Legislature gathers steam in Sacramento, numerous key energy-related issues are ripe for action, from how to deal with over-capacity in the state’s power market to the extent to which electric utilities should be liable for wildfires sparked by their equipment. Energy agencies are attempting to deal with some of the conflicts—for instance, exit […]

The Buzz

2 Feb

California energy regulators and fire safety agencies are working together to try and curb the dangers of the growing numbers of intense wildfires, with a worrisome number sparked by power lines. The California Public Utilities Commission president and other officials lament the inadequacy of resources, policies and preparation during an all day meeting. Fire safety […]

New State & PG&E Initiatives Aim to Advance Electric Transportation

29 Jan

Gov. Jerry Brown proposed spending $2.5 billion over the next eight years to increase the sales of zero emissions vehicles in California. The governor on Jan. 26 also issued an executive order setting a new target of getting 5 million zero emissions vehicles on the state’s roads by 2030. “This executive order aims to curb […]

Brown Touts Climate Change Leadership in State of the State

25 Jan

Gov. Jerry Brown highlighted the state’s leadership on climate change in his final State of the State Address to a joint session of the Legislature Jan. 25. He promised he would soon unveil a carbon cap-and-trade program expenditure plan that helps all California communities. “The science of climate change is not in doubt,” said the […]

The Buzz

18 Jan

The California grid operator plans to move into the western reliability coordination market. And, it plans to do so at a steep discount. An independent group of scientists finds that gas storage fields are needed now, but might later be converted to store clean fuels or captured carbon dioxide. Forthcoming federal standards aim to improve […]

Cap-&-Trade’s Effectiveness Questioned

17 Jan

Amid concern that California’s carbon cap-and-trade is awash in emissions rights so that companies face no pressure to reduce greenhouse gases, state lawmakers called on the California Air Resources Board to analyze how the various measures in the state’s climate program have worked over the past 10 years. “Experts say the state will meet the […]

Climate Roundup: Brown’s Budget Plan Light on GHG Fund Specifics

10 Jan

Gov. Jerry Brown provided few details during his Jan. 10 press conference on his proposed 2018-19 budget for the state and its climate protection and energy agencies. Brown did note that $1.25 billion from the carbon cap-and-trade auction would be dedicated largely to climate protection work in disadvantaged communities. Details of this allocation of 40 […]

Juice: It’s a Happy New Year for Big Oil

2 Jan

California environmental regulators are trumpeting their updated master plan for reducing greenhouse gases as “a template for other jurisdictions who are also committed to preventing the worst impacts of a warming planet.” Yet, the California Air Resources Board’s latest “scoping plan” gives big oil a free pass. The rest—the electricity, natural gas, and other businesses […]