Tag Archives: cap and trade
Decreasing Costs of Renewables: Will it Drive Cap and Trade Incentives?
The exponential growth of wind and solar are threatening the business models of coal and nuclear turning them from price-makers to price takers. A viable exit strategy for coal plants may well be to encourage Cap & Trade so they can make a stable exit strategy before the tide of cheap renewable energy washes them [...]
Did You Know? Individuals Can Buy And Trade Carbon Credits
One of the little-known facts about cap-and-trade is that individuals are allowed to buy and trade carbon credits just like corporations can. It’s the same as buying and trading a stock through a broker, but in this case individuals would do so through brokers that specialize in environmental credits. Take California’s first historic cap and trade auction [...]
2020: Cap-and-Trade Starts in Vietnam
Vietnam’s government has approved a plan to begin cap-and-trade in 2020. The country is the third in the region to announce such a program - emissions trading begins in South Korea in 2015, the same year as in Australia and China. New Zealand has a tiny program that started in 2009. Vietnam’s program is unique in that it caps emissions of six major greenhouse gases (GHG): carbon; methane; nitrous [...]
California: The Cap-and-Trade Leader
On Wednesday November 14, California held its first auction to sell carbon credits. For six years that state has been working on its cap-and-trade system, more than six years in the making. Finally California has imposed a limit on the amount of carbon emissions and this limit will be reduced over time so that by [...]
Cap And Trade: U.S Bound by 2016?
Think the U.S. could use tens of billions of dollars of brand new revenue to address its budget and debt challenges? And do you think newly re-elected President Obama might take a run at a bonafide climate strategy as part of his legacy by 2016? The answer to the first question is easy. But answering [...]
98% of Canadians Believe in Climate Change
A new opinion poll released this week suggests only two per cent of Canadians who responded believe climate change is not occurring. A further nine per cent believe climate change is occurring naturally. And 54 per cent feel both humans and Mother Nature are playing a role. The survey was conducted by Insightrix Research for [...]
Electric Car Cap and Trade Starts in California
What a terrific idea! California’s zero emissions vehicle (ZEV) law requires automakers to sell an increasing number of zero emission vehicles in the state – and those that can’t meet their targets can buy “credits” from automakers who can. Automakers that can’t meet their targets or don’t buy enough credits face thousands of dollars in fines for [...]
South Korea Passes Cap-And-Trade Legislation
South Korea passed legislation to begin a national cap-and-trade program with a near unanimous vote of 148-0, with three abstentions. The fourth largest economy in Asia, South Korea is the fastest growing source of greenhouse gas (GHG) emissions among industrialized countries, doubling since 1990. It is the 8th biggest source of GHG emissions in the [...]
Cap and Trade Auctions Could Reap Billions for California
The state of California stands to raise billions of dollars annually — and as much as $14 billion a year by 2015 — after it launches its ambitious carbon cap-and-trade system later this year. According to a report by the state’s Legislative Analyst’s Office, the auctioning of CO2 pollution credits, which will begin this fall, [...]