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Your email address will not be published.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

Climate Rules, Laws Mitigate Droughts & Heatwaves

Climate exchange regulation serves as an essential device in mitigating the detrimental outcomes of world warming, in particular concerning phenomena like droughts and heatwaves. The policies handed via Congress in August 2022 signify a pivotal step in the direction of addressing weather trade within the United States. However,

CITY TECH BLOG

My Take On Climate Change

I haven’t noticed any changes in our climate, maybe because we live in the city and I don’t really travel much. I have noticed that it hardly snows anymore or when it does it’s late in the winter season. We don’t get the snow-white Christmas like we used

CITY TECH BLOG

My Take On Climate Change

Since the industrial revolution, the global climate has changed dramatically. Temperatures are rising, sea levels are rising, and the ice in the Arctic and Antarctic is melting. Due to climate change, various extreme weather events are becoming more frequent. Hurricanes, floods, earthquakes, etc. It can be said that