The Verdict on CARB’s Implementation of AB32

I think this sums up my thoughts: “Nature does not fall for accounting schemes,” as Anja S. Kollmuss, outreach coordinator of the Tufts Climate Initiative, an advocacy group affiliated with Tufts University said, as quoted in a Bloomberg Business Week article. (Another Inconvenient Truth) I came into this research not knowing anything about cap and […]

AB32 Implementation: A Few Areas of Controversy

The most obvious controversy is determining just how much GHG emission reduction is actually required to slow or prevent global warming. This is still theoretical and science is not capable of generating hard numbers for this due to the complexity and still unknown aspects of anthropogenic global warming. Also, as mentioned before, globally accepted and […]

Pitfalls of the California Cap and Trade Scheme

Although the theory of cap and trade could work, it’s the design details that determine its effectiveness and who will, or won’t, profit from it. In order to help design the cap and trade scheme, the Economic and Allocation Advisory Committee (EAAC) was formed, in part, to make recommendations for the allocation of GHG allowances. […]

Cap and Trade as Designed by the California Air Resources Board

Cap and Trade as Designed by California’s CARB Some of the facts: AB32 made the California Air Resources Board (CARB) responsible for ongoing administration of the cap and trade scheme. With the cap and trade scheme eventually estimated to be worth billions of dollars, this makes CARB one of the most powerful agencies in California. […]

Europe’s failed cap and trade scheme

How Cap and Trade was Implemented in Europe and Lessons Learned The European Union (EU) began their “Emissions Trading Scheme” (ETS) in 2005 and it only included CO2 emissions. Although phase one from 2005-7 was a deemed the “learning phase,” billions of Euros changed hands and some entities made windfall profits. (A Euro is currently […]

California’s Cap and Trade Scheme: 2nd post

GHG Cap and Trade Theory A cap and trade system is intended to embed a carbon price in the generation and use of electricity, natural gas, gasoline, manufactured goods, and possibly water. This has the effect of making things more expensive, especially electricity and gasoline. “Allowing prices of emissions-intensive goods and services to rise over […]