The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

Nation Watches as California Opens Cap-and-Trade Auction

California's cap and trade system kicked off this week, and the ARB will announce results of the auction on November 19. A November 8 Reuters story, "Auction to kick-start California carbon market," quoted analysts that 2013 permits are expected to sell at between $11 and $12 per unit. Leading up to the sale, there has been much discussion over the likely results.

Dallas Burtraw, Senior Fellow and Darius Gaskins Chair, Resources for the Future called the California program “the best-designed program in the world to date” in an Op-ed to the Sacramento Bee, “State’s well-designed cap-and-trade plan will defy cynics.”  The program “is likely to influence the design of emerging programs in Australia, South Korea and even China,” Burtraw wrote.  Among the program’s attributes, Burtraw hailed the adoption of a price floor, a central role for auction, and its transparency.  The program also has designations in place to ensure protection of disadvantaged communities.

In the Huffington Post, Ann Carlson, Shapiro Professor of Environmental Law, UCLA School of Law notes the use of proceeds from the cap and trade auction is undetermined in “California’s Cap-and-Trade May Solve State’s Budget Problems.”  A supermajority of Democrats in the state Assembly and Senate “could reaffirm AB 32 with a 2/3s vote and then could use the auction revenue from cap-and-trade for general purposes,” such as education and other programs, Carlson writes.

The Reuters article presaged lawsuits that could arise after the auction from companies claiming to be damaged by the program, such as out-of-state power producers with coal interests, who would claim violation of a U.S. Constitution dormant commerce clause and appeal to a federal court.  

But in an article from InsideClimate News, “California’s Model Climate Policies Will Maintain Momentum in Obama Second Term,” Maria Gallucci notes that an Obama White House could provide “steady support from the top,” perhaps leading to other states joining the initiative or forming their own.  California is expected to link its cap-and-trade program to Quebec’s carbon market in 2013.

This article was originally published in GEA's Geothermal Energy Weekly and was republished with permission.

Lead image: California flag via Shutterstock

Untitled Document

RELATED ARTICLES

States Already Seek To Delay Clean Power Plan

Andrew Harris, Bloomberg Fifteen states led by coal-rich West Virginia asked a federal court to stall Obama administration rules intended to c...

Global Renewable Energy Roundup: China, Kenya, Turkey, India Seeking More Renewables

Bloomberg News Editors China is being encouraged by three industry groups to double the nation’s solar-power goal for 2020 to make up for sh...

With Vast Amounts of Geothermal, Wind and Hydropower, Why No Solar In New Zealand?

James Ellsmoor, Contributor New Zealand has built an international brand on environmentalism and the great outdoors. So it is unsurprising that t...

Don’t Like Obama’s Clean Power Plan? Fine, Here’s Cap and Trade

Mark Drajem and Lynn Doan, Bloomberg Republican governors who boycott the Obama administration’s new power-plant regulations may instead get an offer they...

PRESS RELEASES

Canadian Solar Announces Partnership in 200 MW Tranquility Solar Power Project

Recurrent Energy signed an agreement with Southern Power to partner on the Tranquility ...

AWS Truepower Announces Major Expansion of its Due Diligence Team in Response to Growing Market Demand

AWS Truepower, an international leader in wind and solar energy consulting and engineer...

20 days to GRC Annual Meeting & GEA Geothermal Energy Expo

The Geothermal Resources Council (GRC) has announced that it is only 20 days to go to t...

Array Technologies’ DuraTrack HZ v3 Continues to (R)evolutionize at SPI

Array Technologies, Inc. (ATI) prepares to showcase its recently launched tracking syst...

FEATURED BLOGS

NATiVE Recognized for Excellence at 2015 Greater Austin Business Awards

NATiVE Recognized for Excellence at 2015 Greater Austin Business Awards NEWS RELEASE AUSTIN, Texas – Aug. 27...

Solar Energy Means Jobs, Savings, and a Low-Cost Future [infographic]

There are a lot of utility-sponsored legislative and regulatory attacks on solar energy lately, and we put together t...

How To Get People To Do Stuff

It’s no secret that psychology and sales go hand in hand. If you understand the principles of human psychology ...

Get In The Groove

When we talk about strategies for boosting productivity, we often overlook the fact certain projects lend themselves ...

FINANCIAL NEWS

Leslie is located in Washington DC at the Office of the Geothermal Energy Association and serves on the Renewable Energy World North America Conference and Expo committee.

CURRENT MAGAZINE ISSUE

Volume 18, Issue 4
1507REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @jennrunyon

FEATURED PARTNERS



EVENTS

Doing Business in South Africa – in partnership with GWEC, the Glob...

Wind Energy in South Africa has been expanding dramatically, growing fro...

Intersolar India 2015

Exhibition and Conference: November 18-20, 2015 Intersolar India 2015 I...

Intersolar North America 2016

Exhibition: July 12 - 14, 2016; Conference: July 11 - 13, 2016 Intersola...

COMPANY BLOGS

The Proof Is Not Always In The Pudding

One of the best ways to turn a skeptical prospect into a buyer is to giv...

Pushing Beyond The Cushion

Efficiency projects are all too often viewed as “optional” o...

Less Is More

When you’re giving a presentation, one of the easiest things to do...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS