Cap-and-trade will cost less than current regulatory regime
California has the most ambitious greenhouse gas (GHG) reduction goal in this or any other country. By 2030, Californians must reduce carbon emissions by 40 percent below our already-constrained 2020 levels. California produces only one percent of GHG emissions, but we outpunch our weight in global influence on climate policy. If we can meet our […]
‘Cap and Tax’ Would Slam High-Tax, High-Poverty California
The craziest story of the moment is the Governor’s insistence on passing even more draconian legislation on the topic of climate change in the form of extending what is known as cap and trade (or, in this iteration, cap and tax) (also see MOORLACH UPDATE — Surprise! — July 11, 2017). Gov. Brown believes that “climate change is real” […]
Jeopardy for the Bullet Train with Cap-n-Trade Amendment?
Late Friday, Assembly Republican Leader Chad Mayes threw into the cap-and-trade negotiation mix a plan to require a one-time two-thirds vote requirement on how cap-and-trade revenues are spent. The vote would come no sooner than 2024. That proposed vote is a long way off but it could play a role in the funding of the controversial […]
Legislators Should Know California Fuel Facts Before Making Laws
As the American Society of Civil Engineers (ASCE) reports, there are no easy answers to our complex energy challenges for the future, as we need more than “green” electricity, we need replacements for hundreds of thousands of fossil fuel products that contribute to modern civilizations’ industries and infrastructures. If there was a silver bullet answer to the […]