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California to review carbon trading program

January 4, 2021
Randolph addressed those concerns at the hearing, but as market administrator of the cap and trade program, she was cautious about saying anything that might affect the market for carbon credits.
“This remains an important space for us to work directly with environmental justice and community organizations to ensure that their views are incorporated into our work,” Randolph said.
California in 2016 pledged to cut its climate-warming pollution 40% over the next ten years, and it is relying on the carbon trading program for nearly half of those reductions in 2030.
“We’re calling on all our existing climate policies to do more in the next decade. We have no choice but to accelerate the rate of emission reductions dramatically,” Blumenfeld said today. ....

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California To Review Carbon Trading Program As Part Of Climate Roadmap

California To Review Carbon Trading Program As Part Of Climate Roadmap
Tuesday, February 16, 2021 |
Sacramento, CA
California s cap and trade program offers oil refineries, like this Valero plant in Wilmington, the option to buy credits to offset carbon emissions.
Shae Hammond / CalMatters
Newsom administration officials said today that they will evaluate the role of California’s landmark cap and trade program as the state examines its strategies for tackling climate change over the next decade.
At an oversight hearing today, Jared Blumenfeld, secretary for environmental protection, and Air Resources Board Chair Liane Randolph said the carbon trading program will be a key part of the conversation as California updates its climate roadmap, called a scoping plan, over the next two years. ....

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California lawmaker proposes ban on fracking by 2027

California lawmaker proposes ban on fracking by 2027
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