Sunday, December 04, 2011 9:56:42 PM
This is from the Nov 2011 newsletter:
http://www.netl.doe.gov/technologies/carbon_seq/refshelf/subscribe.html
Also:
New York Times, “California Adopts Limits on Greenhouse Gases,”
and Los Angeles Times, “California Becomes First State to Adopt
Cap-and-Trade Program.”
On October 20, 2011, the California Air Resources Board (CARB)
voted unanimously to adopt the first state-administered cap-and-trade regulations in the Nation, setting limits on greenhouse gas (GHG) emissions and creating a market for industries within the state to trade carbon credits. Cap-and-trade is the centerpiece of California’s AB 32,
which mandates a reduction in CO emissions to 1990 levels by 2020.
Starting in 2013, California’s largest CO2 emitters will be required to meet the caps or buy carbon credits to offset their emissions in a carbon trading market that will be operated by CARB. The second phase of compliance, which will begin in 2015, is expected to include 85 percent of California’s emissions sources. By 2016, approximately $10 billion in carbon allowances are expected to be traded through the statewide market, making it the second-largest carbon market in the world behind the EU. If successful, the program could serve as a model for future markets in other states. October 20, 2011,
http://www.nytimes.com/2011/10/21/business/energy-environment/
california-adopts-cap-and-trade-system-to-limit-emissions.html?_r=1,
and October 21, 2011, http://www.latimes.com/news/local/la-me-captrade-20111021,0,1125437.story.
The New York Times, “Australian Senate Approves Emissions
Trading Plan.”
The upper house of Australia’s Parliament approved the government’s proposal to adopt an emissions trading program that will impose a carbon tax on the country’s largest emitters beginning in July 2012.
The package of 18 bills that make up the carbon trading legislation passed through the Senate by a vote of 36 to 32; the legislation passed through the lower house by a 74 to 72 vote in October. Under the new regulations, the nation’s 500 biggest producers of CO emissions will be subject to an initial fixed carbon tax of $24.70 per tonne; the regulations will become a market-based trading program in 2015, the size of which will be second only to that of the EU.
November 7, 2011, http://www.nytimes.com/2011/11/08/world/
asia/australian-senate-approves-emissions-trading-plan.html?_r=3.
2
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