Just Released! Order “Waking Up to Climate Change” by George Ropes, and receive 25% Discount. Learn More

Search
Close this search box.
Search
Close this search box.

HOME          CATEGORIES          OUR TAKE

California becomes first state to adopt cap-and-trade program

Christina House / For the Los Angeles Times

The California Air Resources Board recently voted to enact a cap-and-trade program to help reduce California’s contribution to global greenhouse gas emissions. In a unanimous decision, the Board passed the landmark legislation, which it hopes can serve as model for other states. California currently has a state mandate to bring emissions down to 1990 levels by 2020 and believes this new policy will help achieve its goal. The cap-and-trade law will force the state’s largest producers of carbon dioxide to meet the state determined cap on emissions by 2013. Those producers who are able to reduce CO2 emissions below those benchmarks will then have carbon credits or offsets that they can sell to the producers who cannot. The hope is that the system will create an added incentive to reduce emissions by making the amount reduced under the cap or the “carbon savings,” a tradable good. While some have decried the new program as anti-business, others claim that it will actually create new jobs in a more environmentally friendly and sustainable economy.

Ricky Ghoshroy

Comment on this article

ClimateYou moderates comments to facilitate an informed, substantive, civil conversation. Abusive, profane, self-promotional, misleading, incoherent or off-topic comments will be rejected. Moderators are staffed during regular business hours (New York time) and can only accept comments written in English.

One Response

  1. Very interesting, especially given that the US House is attempting to exempt US airlines from the EU’s cap & trade system. Curious to see how California’s system will play out in when enforcement begins in 2013…

Leave a Reply

Your email address will not be published. Required fields are marked *


The reCAPTCHA verification period has expired. Please reload the page.

SHARE THIS ARTICLE


More Posts Like This

CITY TECH BLOG

Pakistan as Part of the Paris Climate Change Agreement

Pakistan, a country located in South Asia, is known for its diverse landscapes, ranging from towering mountains in the north to vast river valleys in the east and arid deserts in the south. Despite its natural beauty, Pakistan is one of those countries most vulnerable to the impacts

CITY TECH BLOG

What Can Students Do to Help Slow, Stop or Solve Climate Change?

The issue of climate change is one of the most significant challenges of our time. It has far-reaching implications for the planet’s ecosystems, economies, and societies. As the generation responsible for the outcome of today’s environmental decisions, students have a unique responsibility to actively engage in the fight

CITY TECH BLOG

My View Towards the New Climate Change Legislation

I think the new climate change legislation passed by the Congress in August of 2022 will only slightly impact climate change because the new legislation will not immediately come into play by having everyone suddenly obey the new law. The Inflation Reduction Act, as it is called after