California’s cap-and-trade carbon emission system may be failing

[Source: Sacramento Bee] California’s much-vaunted cap-and-trade system of reducing greenhouse gas emissions may be collapsing. This month’s quarterly auction of carbon dioxide emission allowances, which was supposed to generate more than a half-billion dollars for politicians to spend, brought in a paltry $10 million as the Air Resources Board sold a tiny fraction of the Read More…

Oil gears up for another climate fight

[Source: CALmatters] A Harvard economist known globally for his work on climate change policy sat in the Sacramento office of the oil industry’s lobbying firm recently, making the case that California is fighting global warming the wrong way. The state has a good cap and trade system, Robert Stavins said, but some of its other Read More…

Is California a climate model?

[Source: The Sacramento Bee] Tom Steyer was on stage at the United Nations climate summit one recent afternoon, grinning at a small crowd. Many people in the audience had already heard the billionaire environmentalist “promoting California as an example” of leadership on climate change, the event’s moderator said. Still, Steyer came to dish some more. Read More…