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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