Skip to comments.California's landmark global warming law becomes real this week with first cap-and-trade auctions
Posted on 11/10/2012 4:42:05 PM PST by artichokegrower
For more than 40 years, California has led the nation in environmental regulation, from passing the toughest coastal protection laws to America's first rules banning leaded gasoline.
Now, this week -- after Hurricane Sandy pushed the issue of climate change back into the national spotlight -- California will become the first state to begin requiring a broad range of businesses to reduce their greenhouse gas pollution.
At 10 a.m. Wednesday, the California Air Resources Board is scheduled to hold its first auction to sell pollution allowances under the state's landmark cap-and-trade law.
The idea is simple: The state sets an overall "cap" for California's greenhouse gas emissions, and companies must buy or sell credits to account for how much they pollute. Those that pollute more must clean up or pay more.
(Excerpt) Read more at santacruzsentinel.com ...
Just in case California left any possible ability for businesses to succeed.
(jk, in case you're wondering)
Hope they tax the crap out of Hollywood for all of the pollution they put out.
I suspect economic development execs from low-cost red states are burning up the phone lines making calls to potentially re-locatable businesses in California.
My question is this. How much longer before CA asks for a bankruptcy? Because I figure it could be in as little as three to four years. Again, when one looks at the deficits, you don’t see a good picture. Nationally, the debt and interest alone have just recently exceeded our defense spending. This is sick.
I agree, frankly, I would prefer a more expensive movie ticket to a more expensive electric bill per kilowatt-hour.
How many allowances does China have to buy for its coal plants which send smoke all the way to California?
No company ever pays it’s taxes,they’re factored into the cost of the product and the customer pays.You don’t seem to know much about how business works.
Newsbytes: Green Energy Policy Threatening Europes Industrial Base
Leading European companies announced job losses totalling more than 10,000 on Wednesday, underlining the scale of problems facing the continents manufacturers. Vestas, the worlds largest wind turbine manufacturer, said 2,000 jobs would be cut after it posted an almost doubling of pre-tax losses in the face of falling prices and fierce competition from China. The Vestas cuts underline the crisis in the renewable energy sector and will reduce its workforce to 16,000 by the end of 2013 from nearly 23,000 just a year ago. The Guardian, 8 November 2012
Britain will need to invest 330 billion pounds in its energy sector, excluding networks, by 2030 and return its economy to growth to meet carbon emissions reduction targets, the London School of Economics said in a report on Thursday. The investments are needed to build new power plants, retrofit existing ones with carbon-reduction technology and to limit energy demand. Reuters, 8 November 2012
[but Kalifornia can impose a crazy cap’n-trade scheme and it will only produce more Skittles out of the arse of the Unicorns as they fly over the rainbow with the pot of gold on each end.]
In just a few short years we have all become wholly owned subsidiaries of the health insurance and fraudulent green industries. First it was a pulse, now it’s the act of exhaling.
Less than 2 years...
This dope thinks it’s a good thing!! And Hurricane Sandy had absolutely zero to do with global warming or whatever they call it this year.
More business’s will be leaving Kalifornia.
Scamsters..... this is the honey-pot.
A farmer, huh? You must be another evil 1% exploiter of the masses. Do you make profits? If so, aren’t you ashamed of yourself?
BTW, “jk” means “just kidding.” Seriously.
Power plants and oil refineries will have to purchase these carbon credits. Do you think they will absorb these increased costs of production or pass them on to the consumer? Rhetorical question.
Refiners and gas stations make 10-25 cents per gallon on a product that costs $3.50 Their margins can’t change if they want to stay in business so they will have to pass the costs on to the public. This will result in lower sales volumes which means that they will have to also increase their margins on top of the added carbon tax.