cap-and-trade News

Stringent Climate Policy Poised to Pass in Oregon

Oregon is on the precipice of becoming the second state after California to adopt a cap-and-trade program, a market-based approach to lowering the greenhouse gas emissions behind global warming. Supporters call it the United States’ most progressive climate policy, saying …

Swing Voters in California Climate Deal Among Top Oil Money Recipients

California Assembly members considered swing votes on legislation to reduce carbon emissions by charging polluters were among the top recipients of donations from oil companies, an analysis of campaign finance filings shows. Records show oil companies in the Western States …

California Lawmakers Release Plan to Extend Cap And Trade

Gov. Jerry Brown and legislative leaders have released a plan to extend through 2030 California’s cap-and-trade program, a key piece of the state’s quest to fight climate change by drastically reducing emissions from greenhouse gases. The deal updates how refineries, …

California Governor Pushing for Cap-And-Trade Deal Before Deadline

Gov. Jerry Brown is working with lawmakers, business groups and environmentalists to reach a deal on extending cap and trade, California’s landmark program aimed at slowing global warming. Brown wants a consensus before lawmakers start summer recess on July 21. …

U.S. Dominates Climate Change Litigation

It’s almost counterintuitive if you think about it. There is far more litigation related to climate change in the U.S. compared with Europe, which is usually considered more progressive on the issue. For an example of how climate change can …

Carbon Cap Report to Washington Governor May Spur Action

A panel convened by Washington Gov. Jay Inslee to study how to put a price on carbon pollution says there are advantages to two approaches – a carbon tax or a cap-and-trade program – but did not recommend a specific …

California Carbon-Permit Auction Sees $330M Spent

State officials say California’s latest carbon-permit auction has raised nearly $330 million. The Sacramento Bee reported industrial firms and others bought emissions allowances that can be used this year and in 2017. At the auction on Monday, the 2014 allowances …

London Underwriter Becomes First to Insure California Carbon Credits

Parhelion Underwriting Ltd. became the first insurer to offer a policy to protect companies from the invalidation of carbon offset credits sold as part of California’s cap-and-trade program. Parhelion, based in London, will sell insurance for permits originally issued by …