All articles tagged with #cap and trade
California is considering rolling back some environmental laws to counteract federal changes, while also debating increased investment in electric vehicle incentives using cap-and-trade revenues, despite funding conflicts and existing commitments.
Despite the Trump administration's plans to cut $4 billion in funding for California's high-speed rail project, Democratic support remains strong, bolstered by state funding sources and labor union backing, while Republican critics see the project as a failure.
The Washington Department of Ecology's second quarterly auction of emissions allowances under the cap-and-trade program saw a 60% increase in money raised from $300 million to $480.5 million. The auction is part of the state's cap-and-trade program, which requires companies that emit greenhouse gases over a certain threshold to purchase allowances held during quarterly auctions. As a result of the latest auction, the program had added a total of $.45 cents per gallon to the price of gas and $.54 per gallon to the price of diesel.