Californian homes to be provided with free solar panels

A new plan in California will bring free solar power to disadvantaged neighborhoods. While there are already many government incentives in the state of California to encourage the use of solar power among residents, a new plan will result in free solar panels being installed on the rooftops of homes of some of the state’s low-income homeowners, saving each of these residents hundreds of dollars in electrical costs, annually. Solar energy continues to be an expensive home improvement. According to a 2013 study by the Center for American Progress, a…

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Price of carbon credits declines in California

Carbon credits fall in value California is currently home to one of the most ambitious cap-and-trade initiatives in the U.S. The state has long been an advocate for renewable energy and has been seeking innovative ways to curb emissions and promote the adoption of clean power among businesses. Many of the state’s largest businesses produce significant amounts of emissions on a yearly basis and California has been working to address this issue in recent years. Thus far, the California cap-and-trade initiative has been relatively successful, but it may soon encounter…

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Renewable energy sees more support through California cap-and-trade program

California Hydrogen Fuel Market

Cap-and-trade program helps support adoption of renewable energy California is home to one of the first emissions trading markets in the U.S. The state launched its ambitious cap-and-trade program in 2006, but it was not until recently that the program began receiving any significant amount of attention. The program has been holding auctions for its carbon credits since late 2012, after spending years formulating plans to support emissions trading. The program has helped encourage businesses throughout the state adopt renewable energy and embrace more energy efficient practices over the past…

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California cap-and-trade program set for second auction

California Cap-and-Trade Alternative Energy

Cap-and-trade continues to prove success in California In early 2012, California introduced an ambitious cap-and-trade initiative that aimed to significantly reduce the greenhouse emissions that the state produces. The initiative was an offshoot of a similar measure that was shaping up from the U.S. government at the time. While the federal measure collapsed, the California cap-and-trade program continued taking form. The California Air Resources Board, which oversees the program, recently held the first carbon credit auction for the program, which set a high standards due to its success and proved…

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Cap-and-trade success in California could extend program nationwide

California Hydrogen Fuel Market

California could prove a successful testing ground for cap-and-trade system Cap-and-trade has long been a controversial topic within the U.S. Though the country is keen to curb its carbon dioxide emissions, the connotations associated with a cap-and-trade system are not often well received by the general public or businesses. For many, the possible link between the government’s actions concerning emissions and the phenomenon of climate change are abrasive. Businesses have not been fans of a cap-and-trade system because of the high operational costs they could see. The country may soon…

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Economists support California cap-and-trade program

California Hydrogen Fuel Market

California cap-and-trade program gains support of renowned economists Earlier this week, California Governor Jerry Brown received letters from nearly 60 renowned economists from around the country. These economists have come out in support of the state’s ambitious cap-and-trade program, which aims to cut carbon dioxide emissions and promote environmentalism amongst the state’s largest companies. The California cap-and-trade program is part of the state’s Global Warming Solutions Act, a legislation that aims to mitigate or halt the effects of climate change. The support provided by economists is likely to add momentum…

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California moving closer to cap-and-trade auction of carbon credits

Hydrogen fule - carbon capture

California is edging closer to launching its first auction of carbon credits as part of its fledgling cap-and-trade program. The program aims to reduce carbon emissions throughout the state by instituting a cap on how much greenhouse gas a company can produce. The concept has been steeped in controversy for some time. The federal government had once planned to institute a similar program, but the initiative was ultimately defeated. California became the first state in the country to adopt this kind of plan to curb carbon emissions. Since then, much…

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