California Introduces Cap-and-Trade Blueprint

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Tuesday, November 24, 2009 at 6:06 pm

As national climate legislation slowly simmers on the back burner of the Senate and expectations are lowered for the international climate conference in Copenhagen, environmentalists can take solace in the efforts of California, which this afternoon issued the country’s first broad-based cap-and-trade blueprint to reduce greenhouse emissions.

The Los Angeles Times reports:

The pioneering effort would cap greenhouse gases emitted by more than 600 power plants, refineries, cement plants and other big factories at 15% below today’s levels by 2020. And it would allow companies to buy and sell emissions allowances among themselves as a way to meet the overall goal less expensively. [...]

Cap-and-trade, a centerpiece of Gov. Arnold Schwarzenegger’s push for flexible market-based regulations, could yield $2 billion to $4 billion per year in revenue to the state from affected industries, depending on the market value of carbon, how many allowances for greenhouse gases are auctioned, how many are given away. [...]

The state’s landmark 2006 law requires emissions of planet-heating pollutants to drop to 1990 levels by 2020. The cap-and-trade program will take effect beginning in 2012, complementing strict rules to cut emissions from automobiles and slash the carbon content of fuels.

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Comments

18 Comments

Tuci78
Comment posted November 24, 2009 @ 6:24 pm

And these job-killing, economy-ravaging measures are not going to be challenged in California now that the utter fraudulence behind the anthropogenic global warming (AGW) ballyhoo has been demonstrated?

Mr. Weiner's desperate grope-down-his-own-pants gesture notwithstanding, the legislators in Sacramento are now shifting and dodging like a philanderer caught in a private investigator's flashlight beam, trying to separate themselves (and their hopes of continued careers in public office) from this “blueprint” for needless, worthless, consumer-raping regulation.

''The Los Angeles Times'' is reporting this as the first breath of life when in reality it's the death rattle of a monster that received its mortal blow last Friday.

Good riddance to bad science, and to even worse politics.


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Doc3
Comment posted December 3, 2009 @ 4:30 pm

California is bankrupt and this bill will drive out whatever remains of manufacturing and companies that can move to States where they will not have to pay for this nonsense. This will further reduce the tax base for the State. If massive amounts of taxpayer money was not being poured down the green initiative rat-hole it would shrivel and die.

California and Spain are both bankrupt and much is due to the actions being taken in this area that is killing jobs. To add insult to injury, this is not working to reduce carbon but is a hidden tax that the citizens of California are going to start paying in higher prices for all kinds of goods and services as this gets passed along. With over 20% unemployment in California now this is really stupid.


Doc3
Comment posted December 3, 2009 @ 9:30 pm

California is bankrupt and this bill will drive out whatever remains of manufacturing and companies that can move to States where they will not have to pay for this nonsense. This will further reduce the tax base for the State. If massive amounts of taxpayer money was not being poured down the green initiative rat-hole it would shrivel and die.

California and Spain are both bankrupt and much is due to the actions being taken in this area that is killing jobs. To add insult to injury, this is not working to reduce carbon but is a hidden tax that the citizens of California are going to start paying in higher prices for all kinds of goods and services as this gets passed along. With over 20% unemployment in California now this is really stupid.


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