border adjustments
Guest Blogger Alex Jackson: The Way Forward on Cap-and-Trade
Incorporate Elements of SB 775 and AB 378 to Build on a Proven Program
California is in the process of defining the next chapter of its world-renowned climate leadership. Having pioneered a set of policies over the past decade that have put the state on course to meet its greenhouse gas emissions limit in 2020, lawmakers now face the question of what role the state’s cap-and-trade program should play …
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CONTINUE READINGGuest Blogger Dallas Burtraw: Three Revisions Not to Overlook in California’s New Cap-and-Trade Proposal, SB 775
The Proposal Would Eliminate Allowance Banking and Offsets, and Add a Border Adjustment Mechanism
The California cap-and trade-program is already the most rigorous and best-designed allowance market in the world. Its purpose is to reduce greenhouse gas emissions that contribute to climate change. But now the program requires adjustments for political and legal reasons. These adjustments will be a vitally important legislative decision – for the state and the …
CONTINUE READINGChina, Congress and Climate Change
This week brings two related and interesting stories on the prospects for domestic climate change legislation and progress in Copenhagen when the international community gathers in December to try to hammer out a post-Kyoto treaty on climate change. The first is that China’s top climate negotiator is “optimistic” that the international community will reach agreement on …
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