TAG: Cap and Trade

Two Different Paths

Greener communities

Since the federal government in the United States has been met with its fair share of delays and inaction, the opportunities for individual communities to take action on conserving the environment and combating climate change have largely increased. Cities and neighborhoods are able to bypass a lot of the red tape surrounding implementing “green” strategies and programs, which makes it much easier for small-scale success. There are expected green cities, such as Portland, OR, which has excellent public transportation and an extensive network of bike trails; the city also offers financial incentives to homeowners and businesses which use solar energy; Boulder, CO,… read more

Is Cap and Trade Needed?

Cap and trade policy

Cap-and-trade has derailed political discussions and political action regarding environmental and energy policy, and as a result, the necessity of a cap-and-trade policy has been questioned. Simply stated, the answer is fairly straight-forward: cap-and-trade is ineffective in the short-term, at least in the United States, yet critical for long-term emission reduction and responsible energy policy. Negotiations over a cap-and-trade bill in the Senate collapsed in April 2010, leaving a void in environmental policy with responsible energy management legislation. Interestingly enough, even without a cap-and-trade policy established, U.S. carbon emissions continued to drop. Since 2006, the United States has cut its… read more

California Cap and Trade

Cap and trade to reduce carbon emissions

On January 1st, 2013, California will become the first state in the United States to implement a cap and trade program on carbon emissions for companies in the state. Similar to other cap and trade programs, California will set an overall ceiling on carbon emissions and assign allowable emission amounts for individual polluters, and charge for excessive emissions. Portions of the allowances will be allocated to utilities, manufacturers and others, and the remainder will be auctioned off. An interesting component of this cap and trade program is the number of allowances issued by the state will be reduced over time,… read more