Tag

Cap And Trade

All articles tagged with #cap and trade

politics22 days ago

Hochul seeks to ease New York's climate law with delayed deadlines and looser rules

Gov. Kathy Hochul proposes changes to New York's Climate Leadership and Community Protection Act that would soften near-term reductions by reworking emissions calculations (including a longer 100-year horizon and removal of upstream emissions), delaying rulemaking to 2030 while keeping the 2030 reduction target, and aligning accounting with other states; the plan aims to reduce costs and preserve affordability but has drawn criticism from environmentalists and some lawmakers who warn it could slow decarbonization, with funding for climate programs and potential interim targets as part of the package.

environment2 years ago

Washington's Carbon Auction Raises Gas Prices by 45 Cents per Gallon

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.