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Carbon Emissions Trading Scheme Upheld in CA

Carbon Emissions Trading Scheme Upheld in CA

California’s cap-and-trade system, which allows companies to purchase carbon credits through an auction or a secondary market, is not an illegal tax, a state appeals court has found. The system, because of voluntary participation and the purchase of a specific thing of value, preclude a finding that the auction system … Read more »

Will RGGI Double Down on Carbon Cuts?

Will RGGI Double Down on Carbon Cuts?

Carbon pricing, the bogeyman of climate-change mitigation, still inspires terror in some US corporate executives and politicians, despite support from global businesses and governments. Opponents argue carbon pricing will cause electricity prices to skyrocket and make businesses less competitive. But when it comes to reducing greenhouse gas emissions, it works … Read more »

industrial plant emissions

Will New Analysis Raise US Business Support for Carbon Pricing Policy?

As global companies increasingly rally behind putting a price on carbon, new analysis from the World Resources Institute finds a carbon price — either a carbon tax or cap-and-trade program — would reduce emissions even more than the US Energy Information Administration has predicted. In WRI’s new issue brief, Putting … Read more »

carbon pricing

Carbon Pricing Beats Vehicle Fuel Economy Standards

Currently planned fuel economy standards (extended to the year 2050) would cost 10 percent of the economy’s global gross domestic product (GDP) in 2050, compared with only 6 percent under cap-and-trade carbon pricing, according to a study published in the Journal of Transport Economics and Policy. The study was conducted … Read more »

US, China Announce Domestic Climate Actions

The US and China released a Joint Presidential Statement on Climate Change, which includes substantial domestic climate actions that are designed to help the countries achieve their respective post-2020 climate goals announced in November 2014. China announced that it is launching a national emissions trading system in 2017. The cap-and-trade system … Read more »

Companies Spend More Than $1bn in Carbon Auction

High-emitting companies spent more than $1 billion on carbon allowances in California and Quebec’s most recent carbon auction, the second since the two jurisdictions linked their cap-and-trade programs. The California Air Resources Board said participants in the Feb. 18 auction paid $12.21 per credit to emit CO2 this year and … Read more »

California, Quebec Carbon Auction Raises $407M

All 33.8 million carbon allowance sold out at California and Quebec’s first joint carbon auction, held Nov. 25, which raised about $407 million. The cap-and-trade auction sold all 23.1 million allowances to release carbon emissions this year, with companies paying 12.10 a ton for the 2014 carbon credits. California and … Read more »

South Korea to Increase Emissions Cap

South Korea is expected to introduce a carbon trading scheme that is about 3 percent larger than it had previously announced, according to Reuters. The South Korean government said last Thursday that it would distribute 1.687 billion metric tons of carbon-equivalent emission permits from 2015-17 as part of its trading … Read more »