In 2006, California passed a groundbreaking law that required statewide emissions to be reduced to 1990 levels by 2020 with the state’s cap-and-trade system being one of the primary policies implemented to achieve this target. Part of California’s cap-and-trade programs allows polluters to buy carbon offsets from California Air Resources Board (CARB)-approved forestry projects to […]Continue Reading 582 words
The Governor of Pennsylvania signed an Executive Order last week committing the state to implement a cap-and-trade program (known as the Regional Greenhouse Gas Initiative or RGGI) for carbon dioxide emissions from power plants joining 10 other states in the northeast.
Why This Matters: Pennsylvania is the first major fossil-fuel producing state to join. This regional cap-and-trade program has been a true success — from 2005-2015 the initiative had reduced power-sector carbon dioxide pollution by 45% as well as provided $2.31 billion in lifetime energy cost savings to more than 161,000 households and 6,000 businesses.Continue Reading 424 words
A vote on “cap and trade” climate change legislation in the Oregon Senate prompted a walkout by all the Republican Senators on Friday, and the Governor later sent state police to track down them down and bring them back — they are allegedly in hiding in Idaho. Tensions grew higher when Senate President Peter Courtney told The Associated Press (AP) that the Oregon state police “recommended that the Capitol be closed tomorrow [Saturday] due to a possible militia threat.”Continue Reading 503 words
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