November 29, 2012

Is California's Cap-and-Trade the Answer?

John Miller, Energy Collective


Energy Collective

Cap-and-trade is strongly advocated as an ultimate solution to reducing U.S. carbon emissions. California led the country by passing the Global Warming Solution Act (AB32), which creates an instate carbon cap-and-trade program. AB32 enforcement begins next year by capping Power and Industrial sectors’ carbon emissions. To sustain operations each facility must reduce carbon emissions or purchase carbon allowances at auction. The first carbon allowance auction began November 14, 2012. We all await anxiously to witness the results of this new cap-and-trade program in the near future.

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TAGGED: Global Warming, Climate Change, Kyoto Protocol, Carbon Emissions, Cap-and-Trade, California

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