Due to its California Air Resources Board and the regulations imposed by it, Californians pay a premium at the pump to every state that's not named Alaska. One might wonder why California is able to enforce these standards; it's because the state-run organization was already in place before the Clean Air Act was passed. Show More Summary
Pacific Legal Foundation filed suit today against the state’s Air Resources Board on the grounds that the auction of allowances under California’s cap-and-trade program constitutes an unconstitutional tax. In the new suit, Morning Star Packing Company v. California Air Resources Board, PLF argues that a) the auctioning of revenues constitute a tax which b) requires [...]
The head of the California Air Resources Board (CARB), Mary Nichols, called for lobbying groups protesting California’s mandate for zero-emissions vehicles to stop while speaking at the SAE International’s (formerly the Society of Automotive Engineers) annual World Congress this week. Show More Summary
California Governor Jerry Brown will allow the state’s Air Resources Board to link its cap-and-trade program to reduce greenhouse gas emissions with a Quebec cap-and-trade program modeled after California’s. Brown sent a letter to CARB today making four findings that he is required to decide before allowing the linkage to go forward. CARB must still [...]
The second auction of carbon permits for the world’s second-largest carbon market beat analysts’ expectations--but can it drive real environmental results? The California Air Resources Board, which currently runs the world’s second largest...Show More Summary
Results are in from California’s second cap-and-trade auction. California Air Resources Board (CARB) offered 12.9 million 2013-vintage allowances along with 9.56 million 2016-vintage allowances. CARB sold all of the 2013 vintage at $13.62 per allowance and almost half (4.44 million) of the 2016 vintage at $10.71 per allowance. In total, that amounts to a bit [...]
Here’s the latest standards and compliance news affecting corporate environmental and energy executives. Today’s briefing includes seven items. SCS Global Services has earned accreditation from the California Air Resources Board to provide verification services for carbon offset projects under the state’s new cap-and-trade Program. Show More Summary
More on California's carbon auction from Jasmin Ansar: The results of the auction announced by the California Air Resources Board showed that all ‘current’ 2013 allowances, totaling 23.1 million tons, were sold at a price of $10.09, nine cents above the regulator’s minimum (reserve) price of $10 per ton. In...
If carbon pricing in the United States were a baby, it would have been born on November 14, when the California Air Resources Board launched its first auction of Cap and Trade greenhouse gas permits. If carbon pricing is the baby, then the climate dividend is the birth announcement.
The California Air Resource Board ruled Monday that the Los Angeles Department of Water and Power is solely responsible for controlling the choking dust storms that arise from the dry Owens Lake bed. The board said the DWP must take...
The California Air Resources Board (CARB) released the results from its first auction of greenhouse gas (GHG) allowances today. It sold all of the approximately 23 million current allowances (2013 vintage) at $10.09. It sold 14% of the approximately 39.5 million advance allowances (2015 vintage) at $10.00. As I discussed last week, the unsold advance [...]
EDF: Following today’s California Air Resources Board’s (CARB) board meeting, the next major milestone in California’s efforts to reduce greenhouse gas (GHG) emissions is on November 14th, when California will hold the first auction of carbon allowances for the Global Warming Solutions Act (AB 32) cap-and-trade program. EDF has closely...
California held its first cap-and-trade auction for greenhouse gas (GHG) allowances yesterday. The California Air Resources Board (CARB) will announce the results from that auction on Monday, Nov. 19. What happens if not all the allowances are purchased at the auction? The short answer is that unsold allowances will be withheld from the market and [...]
Posted by news intern Al Jacobs California continues its streak as a hulking guinea pig. This time, we'll get to see how cap and trade plays out, if it's a model all of America should copy. The California Air Resources Board held the state's first cap and trade auction this morning. Show More Summary
(SAN FRANCISCO) — California has begun auctioning permits for greenhouse gas emissions, launching what is expected to be the world’s second-largest carbon market. The California Air Resources Board says it began selling pollution “allowances” for the first time Wednesday as planned, in a closed, online auction. Show More Summary
For Californians, the start of "winter" can't come soon enough. The California Air Resources Board (CARB) has responded to a request from Governor Jerry Brown to allow slightly dirtier gasoline to be sold about three weeks before the state usually switches to the so-called "winter blend" of gas. Show More Summary
Governor Jerry Brown directed the California Air Resources Board (CARB) to allow oil refineries to produce winter-blend gasoline a few weeks earlier than usual. The post California Governor Takes Steps To Lower High Gas Prices appeared first on Triple Pundit: People, Planet, Profit.
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...Show More Summary
SACRAMENTO -- Corporate executives and workers from dozens of refineries, glass-makers and other business groups bombarded members of the California Air Resources Board with complaints about an upcoming auction of credits allowing them to release greenhouse gases.
Below I report a new announcement posted to the California Air Resources Board Webpage discussing how a small group of academic economists will be playing a new role in designing the AB32 Cap & Trade program. Here is the announcement. My bottom line is that ARB has hired a Dream Team. Forget Lebron James and [...]