California lawmakers offer a plan to extend the state’s cap-and-trade program

[Source: The Los Angeles Times] A group of lawmakers, including some who have been skeptical of global warming regulations, introduced legislation on Thursday to ensure that California’s cap-and-trade emissions control program remains a permanent part of the state’s climate policy. The measure, AB 151, is only one paragraph long right now, but it represents an opening bid Read More…

State’s environmental program helps raise $64.5 million for housing in LA

[Source: Los Angeles Daily News] Several Los Angeles-based affordable housing complexes, including Watt’s Jordan Downs, will benefit from money raised through California’s cap-and-trade program, state and local representatives said Wednesday. Jordan Downs will receive $12 million for its first phase of construction, which includes $2 million for street improvements along Century Boulevard, from a committee Read More…

Manufacturers fear impact of new emissions target

[Source: Los Angeles Business Journal] The passage this week of Senate Bill 32 to implement stricter greenhouse gas emissions standards creates uncertainty for businesses and may lead to more businesses leaving California, said Dorothy Rothrock, president of the California Manufacturers & Technology Association. That organization, along with other business groups and the oil industry, has Read More…

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…