Cap-and-Trade, California Style: Who Gets the Money?
Cap-and-Trade, California Style: Who Gets the Money? Economists Recommend Paying People Before Polluters By Stacy Morford Related Share this article As California writes the details of a statewide cap-and-trade plan for greenhouse gas emissions, it is considering a different approach for divvying up the proceeds, one that would put state residents — rather than polluters — first in line for payouts. Billions of dollars will be at stake once the state’s carbon trading system gets going in 2012. The California plan stems from a 2006 state law, AB32, that requires the state to cut its emis...
Source: insideclimatenews.org