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Business Groups Warn California’s Climate Law Will Increase Costs

California manufacturers, truckers, other businesses say the state’s new climate change law may price them out of operation.

California Carbon Auction Raises $297 Million

California companies paid about $297 million to release carbon emissions at the state’s most recent cap-and-trade auction, according to data published Friday. The state’s fifth auction on Nov. 19 sold all 16.6 carbon allowances, with firms including Exxon Mobil and Dow Chemical paying $11.48 per allowance to release 1 metric … Read more »

California State Capitol

Court Upholds California Carbon Auctions

A Superior Court judge has rejected a legal challenge to California’s carbon auctions, a key piece of the state’s cap-and-trade program. The California Chamber of Commerce and Pacific Legal Foundation, on behalf of a dozen clients including Morning Star Packing Company and Dalton Trucking, had filed lawsuits in Sacramento Superior … Read more »

Policy & Enforcement Briefing: EU ETS Delay, Wind PTC, Airline Bill

The European Commission proposed a delay in the EU ETS auction of 900 million carbon emission allowances currently scheduled for sale between 2013 and-2015. The allowances would be auctioned sometime later in the auction phase, which runs until 2020. The price of allowances was €9 on Monday, up nearly 9 … Read more »

Business Groups Protest California’s Impending Cap-and-Trade Market

Industry groups as well as executives and workers from refineries and factories demanded the California Air Resources Board make changes to the state’s impending cap-and-trade carbon market, arguing the landmark emissions reduction scheme amounted to a $1 billion-a-year-tax increase that would stifle economic growth and drive companies out of the … Read more »