cap and trade
Streetsblog LA
Transportation Priorities Jostle for CA’s Cap-and-Trade Revenue
A series of hearings in Sacramento have been revisiting California's Global Warming Solutions Act, Assembly Bill (A.B.) 32, which calls for a statewide reduction in greenhouse gas emissions (GHGs) to 1990 levels by 2020. Two recent hearings have opened discussions of Governor Jerry Brown's proposed spending plan for the revenue received so far from the state's cap-and-trade program, implemented as part of A.B. 32, and another recent Senate hearing discussed the program's impacts to date.
March 21, 2014
Sen. Steinberg Proposes Carbon Tax on Gas Instead of Cap-and-Trade
CA Senator Darrell Steinberg proposed a change yesterday to California's nascent cap-and-trade program that would replace next year's cap on fuel emissions with a per-gallon carbon tax. Steinberg called it a “broader, more stable, and more flexible” way to reduce emissions from fuels than cap-and-trade.
February 21, 2014
Governor’s Budget Earns High Marks, But Active Transportation Shutout from Cap and Trade Funds
Yesterday, Governor Jerry Brown officially unveiled his budget after days of speculation and leaked reports to newspapers. One of the highlights of the budget is how Brown proposes to spend the "Cap and Trade"* funds. Last year, the state borrowed against these funds to fill a gap in the general operating budget. This year, with $100 million "borrowed" from last year returned, the Cap and Trade allocation was a cool $850 million for projects that will improve air quality through green energy initiatives.*
January 10, 2014
Golden State Could Be Sitting on Livable Streets Gold Mine
(The debate over how to spend the state's cap-and-trade funding source was already hot last year. This year, it could become one of the largest transportation stories in the state, competing even with High Speed Rail. As such, Streetsblog L.A. welcomes op/ed pieces on how to best use those funds. Email ideas to damien@streetsblog.org - DN)
January 7, 2014