July 5, 2016

What is cap and trade? California’s cap and trade program is a tool for putting a price on pollution, specifically carbon dioxide and other greenhouse gases, that businesses discharge into the atmosphere. The state sets limits—caps—on the volume of greenhouse gas that oil refineries, electricity providers, food-processing plants, paper mills, cement manufacturers and other companies […]

The basics of cap and trade What is cap and trade? How do the auctions work? What projects are the auction proceeds paying for? How much has California lowered its emissions? What’s next? Assemblyman Brian Jones leaned in to the microphone with a tight smile. It was May, and legislators were debating whether to request […]