air quality

California Leads on Climate: Extending Cap & Trade & Optimizing the VW Settlement Funds

Issue: 
Mary Nichols

CARB Chair Mary Nichols explains the potential impact of the Volkswagen settlement for electric transportation, as well as how the national leadership vacuum on climate change is affecting California's international partnerships.

CARB’s Nichols on California’s Cap-and-Trade Program & Historic VW Settlement

Issue: 
Mary Nichols

The California Air Resources Board’s most recent quarterly cap-and-trade auction was the first to result in only a fraction of available permits sold. Detractors used the weak auction results to highlight the program’s uncertain future, whereas advocates touted the state’s success in cutting carbon emissions quicker than expected. To CARB Chair Mary Nichols, who has overseen the leadership of the program since its inception, the auction showed that industries were keeping a lid on carbon emissions rather than buying permits to emit more. Nichols speaks to ongoing efforts to extend California’s carbon cap-and-trade system, and to expand the model to other states. Nichols also addresses the historic enforcement action and settlement with Volkswagen, which CARB led on negotiating.