California needs to cap costs as it caps carbon

July 31, 2017 by Ronjoy Bezbarua

(Source: Bloomberg) Now that California has extended its carbon dioxide trading program through 2030 businesses are waiting to see how state regulators plan to keep compliance costs down. Gov. Jerry Brown (D) claimed victory when he signed an extension of California’s landmark cap-and-trade program into law July 26, but several crucial components of the program still need to be worked out by the California Air Resources Board. Those include setting the annual emissions caps for the largest emitters of greenhouse gases from 2021 through 2030 and enacting new measures to control industry’s expenses while meeting the state’s goal of reducing its greenhouse gas emissions 40 percent from 1990 levels by 2030. Read full article….

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