Cap and Trade

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.

Recycling Cap-and-Trade Revenues in Ontario: Experts Weigh In

Issue: 
Chris Ragan, EcoFiscal Commissioner Chair

Ontario finalized its cap-and-trade program in June, and will conduct the first auction in July. As a member of the Western Climate Initiative, the province has also signaled its intent to link its system to similar ones operating in Quebec and California. The Climate Change Mitigation and Low-Carbon Economy Act mandates that revenues from Ontario’s auctions go into the Greenhouse Gas Reduction Account to fund a number of diverse programs aimed at reducing greenhouse gas emissions. But experts disagree on how the province can best recycle the cap-and-trade revenue. Before the program was finalized, the Canada EcoFiscal Commission hosted a roundtable of advocates from around the country representing priorities from social inequality to business development. VX News presents an excerpt of the debate with remarks by Chris Ragan, chair of the Canada EcoFiscal Commission; Rick Smith, executive director of the Broadbent Institute; Vicky Sharpe, senior fellow at the International Institute for Sustainable Development; Mike Moffat, chief economist at the Moet Center; and Mark Cameron, executive director of Canadians for Clean Prosperity.

VX Hosts Ontario Premier Wynne in Discussion with California Climate & Energy Leaders

Issue: 
Kathleen Wynne

On November 3, VerdeXchange Institute co-hosted Ontario Premier Kathleen Wynne, welcoming her to LACI's La Kretz Innovation Campus for a conversation with CARB's Mayor Nichols and former California ISO Chair Bob Foster, moderated by Waterloo Innovation Summit Chair David Fransen. Los Angeles Mayor Eric Garcetti opened the program. Here, VX News presents edited excerpts from the conversation.

Québec Minister Charged with ‘The Fight Against Climate Change’ Touts Cap and Trade

Issue: 
David Heurtel

David Heurtel is Québec’s first Minister of Sustainable Development, Environment, and the Fight Against Climate Change. After over a year of overseeing this comprehensive mission, Heurtel spoke with VX News about the growing movement of subnational entities collaborating across countries in order to build an international green economy. In particular, he comments on the thriving cap-and-trade relationship between Québec and California that accommodates the needs of the two very different regions, as well as lessons learned about how to implement a successful cap-and-trade system. He also explains why in Québec, environmental action transcends politics.

EDF’S Lauren Faber On: California's AB 32, Cap-and-Trade, and New Goals for State’s Renewable Portfolio Standard

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As West Coast Political Director for the Environmental Defense Fund, Lauren Faber is closely involved in California’s ongoing implementation of its cap-and-trade program. Faber spoke at the VerdeXchange 2014 Conference in Los Angeles on panels titled “Cap-and-Trade: Following the Money in California’s Carbon Market” and “Cleantech Grid Integration of Renewables.” Faber brings experience at the California Environmental Protection Agency to her work at EDF. In the following interview with VX News, she elaborates on her role at EDF and offers insight into cap-and-trade’s effectiveness—noting what Californians can expect as transportation fuels come under the cap and considering how the state may allocate funds from the program.

James Goldstene on CARB’s New Visioning Plan, First Carbon Credit Auction, and Air Quality

As Executive Officer of the California Air Resource Board since 2007, James Goldstene oversees the development and implementation of the Board’s clean air policies and represents the ARB before the legislature and other state, regional, national, and international forums. 2012 was a landmark year for the ARB, with the successful launching of the first of 32 cap-and-trade auctions planned four times annually through the year 2020. In the following interview with VerdeXchange News, James Goldstene elaborates on the plans and partnerships CARB aims to realize in 2013 and beyond.

California’s ARB Makes History—Approves Cap-and-Trade Regulations for State

Issue: 
Mary Nichols

In November, California voters soundly rejected Prop. 23, a ballot initiative that would have rolled back regulations arising from AB 32, the landmark greenhouse gas emissions reduction law that has positioned California as a worldwide leader in green policy and technology. In December, the California Air Resources Board (CARB) approved one of the most significant portions of AB 32’s policy mechanisms—cap-and-trade regulation for business and industry.