No Cap on the Benefits of California’s Carbon-Trading Program

By path2positive

In 2012, California implemented a bold cap-and-trade program aimed at reducing fossil fuel consumption and emissions. The program has been a success, generating nearly $2.2 billion. These funds have been a much welcomed boost to the state’s budget, and are about to be put to work on a series of new projects to further decrease the state’s environmental impact.

The dividends of the project will be allocated state wide, and benefit cities and local governments in multiple ways. Investments in high-speed rail, wetland restoration projects, and even small-scale city projects such as bike racks, tree planting services, and water conservation are all part of the plan.

The success of the cap-and-trade program is proof of concept that climate-wise policies can flourish in the long term. The benefits of the program will reverberate throughout the state: creating green jobs, facilitating the development of mass-transit systems, and cleaning up the state’s precious resources and natural habitats. Such benefits help mayors and local leaders empower their communities. For resources on how to best serve your community, come get on the Path to Positive!


$2.2B in cap-and-trade funds begins flowing, boosting rail, housing, clean cars

By Anne C. Mulkern | E&E News | August 25, 2015

California is starting to dole out nearly $2.2 billion generated by its cap-and-trade program to cut carbon emissions, allocating funds to hundreds of projects. Winners include regional rail, electric car rebates and rooftop solar for low-income residents.

Revenue from auctions of pollution permits under the system has bolstered the state's budget. A database compiled by ClimateWire shows for the first time precisely where funds have been directed. It reveals that more than $1.4 billion has been pledged to more than 350 recipients.

Read More

Subscribe

Stay connected and get updates from Path to Positive.

Subscribe

You May Also Like

July 13, 2020

The past months of crisis have brought forward many wrenching, heartbreaking stories about the challenges that people of color in the United States face every...

Read More

June 15, 2020

I can’t breathe. These powerful words amplify the pain of the multiple challenges we face in America today. We are witnessing the beginning of a...

Read More

May 13, 2020

The must-attend, go-to webcast discussion for the most current and best thinking on climate change ecoAmerica is introducing Let’s Talk Climate to provide guidance and support to...

Read More
positive-white

 

Path to Positive is a program of ecoAmerica

 

© ecoAmerica 2006 – 2020 The contents of this website may be shared and used under a Creative Commons Attribution Non-Commercial No Derivatives 4.0 International License.