Allowing polluters to offset carbon emissions by paying forest owners effectively reduces greenhouse gases

[Source: Stanford News] A pioneering California program to sell carbon offsets has surprising environmental benefits – including providing habitat for endangered species – and provides lessons for initiatives under development in other states and countries. You can’t grow money on trees, but you can earn money for letting trees grow. Or at least you can Read More…

CARB approves cap-and-trade improvements

[Source: California Air Resources Board] Following more than 18 months of review and public comment, the California Air Resources Board today approved amendments to the state’s cap-and-trade program that improve its implementation and the state’s effort to curb greenhouse gas emissions. Today’s amendments also establish a framework for the program’s annual limits on greenhouse gas Read More…

Legislature approves cap-and-trade extension

[Source: CalChamber] With strong support from the California Chamber of Commerce and the business community, the Legislature yesterday approved AB 398 (E. Garcia; D-Coachella), which will extend the cap-and-trade program, which provides the least costly path to achieving the state’s ambitious climate goals. “The Legislature achieved a bipartisan solution that will reduce the cost of Read More…

Gov. Brown and Democratic leaders offer plan to extend cap and trade, with aim for approval this week

[Source: Los Angeles Times] After weeks of back-and-forth between environmentalists and business interests, Gov. Jerry Brown and legislative leaders introduced a proposal Monday evening to reauthorize California’s cap-and-trade program, the centerpiece of the state’s efforts to battle climate change. The plan consists of two bills: Assembly Bill 398, which would extend the life of the Read More…