California’s International Model For Climate Success
California’s successful efforts to cut emissions and increase renewable energy show a path forward on international decarbonization efforts.
California’s successful efforts to cut emissions and increase renewable energy show a path forward on international decarbonization efforts.
The California and Northeast U.S. carbon markets just invested $400 million in cap-and-trade revenue in clean energy, efficiency, and emissions reductions.
President Obama’s pending power plant emissions rules are getting all the attention, but China may have just made an even bigger carbon market policy move.
The number of carbon allowances sold and pollution permit prices will both rise across the California cap and trade market in 2014 after a successful 2013.
California’s carbon prices fell in its fourth cap-and-trade auction on news the state may increase the amount of free allocations it provides in 2014.
But even though permit sales dropped 13% from May 2013’s record-setting auction, long-term indicators hint the state’s emissions reduction market could wind up stronger than ever.
California’s cap-and-trade market is serious business, with high stakes for the future of our planet – it’s no game. Except when it is.
Gamification is often used to simplify complex concepts and make them easily understood, and that’s just what the San Francisco Public Press has done with “Make Money, Save The Planet,” a theoretical cap-and-trade board game.
California’s third cap and trade carbon allowance auction was held last week, and businesses snapped up all available 2013 permits, setting a record price level in the process. In addition to the 2013 permits, over three-quarters of advance allowances for 2016 were sold to businesses.
With roughly 18 months until launch, South Korea appears on the path to launch the world’s most ambitious cap and trade market, with the highest global price on carbon.
The government is still finalizing system design, set to launch in January 2015, but it could ultimately cover 70% of national emissions and reach $90 per ton of carbon.
For carbon markets across the world it was the best of times, it was the worst of times. Plummeting European Union carbon prices following a key EU vote seem to demonstrate in the clearest terms that cap and trade is doomed to fail.
But declaring the death of carbon markets and cap and trade policy over Europe’s struggles is a knee-jerk reaction which overlooks significant developments for carbon trading around the world – ones which could ultimately rescue the EU and cement cap and trade as a global climate change solution.
California has set the date and details for a second CO2 emissions allowance auction to be held February 2013, under the state’s cap-and-trade system.