California ramps up policy that’s taboo on campaign trail

Climate change policies would make carbon-rich fuel sources, such as coal, more expensive. : Photo- Andrew Harrer:Bloomberg

The message from California is that, since cap-and-trade legislation died on Capitol Hill in 2010, climate policy experiments haven’t vanished — they’ve just gotten smaller

By Eric Roston

Bloomberg News

Amid a presidential campaign that’s studiously avoiding the whole topic, Californians are launching the world’s second largest “cap-and-trade” program for ratcheting down industrial greenhouse gas emissions from large emitters.

It’s a development worth chewing over before next week’s Global Climate Change Forum, a Carbon Disclosure Project event that will be moderated by Diane Brady of Bloomberg Businessweek and broadcast on

Last week, California’s Air Resources Board (known as CARB) conducted a test-run of the online system that companies will use to buy CO2 pollution permits this fall. It’s not a significant story in and of itself (“It’s about as exciting as paying your bills online,” a CARB spokesman said of the new system). Government and corporate officials are relieved that the system worked smoothly before the first actual auction of permits, which is expected in November. Years of politics, legal-wrangling and regulation-writing have brought California’s emissions program this far. About 85 percent of the state’s emissions will eventually be covered by the program.


Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

September 2012