Focus on the current state of the program (cost, success, amount of GHG reductions, etc).
Summarize your information in a reply to this post and include a URL to an article or webpage with more information on California's GHG Cap and Trade Program.
Monday, September 23, 2019
ESRM / COMM 496 Blog Post #3
Lookup and revisit information on California's GHG Cap and Trade Program.
Focus on the current state of the program (cost, success, amount of GHG reductions, etc).
Summarize your information in a reply to this post and include a URL to an article or webpage with more information on California's GHG Cap and Trade Program.
Focus on the current state of the program (cost, success, amount of GHG reductions, etc).
Summarize your information in a reply to this post and include a URL to an article or webpage with more information on California's GHG Cap and Trade Program.
Subscribe to:
Post Comments (Atom)
Here is the link I used: https://www.c2es.org/content/california-cap-and-trade/
ReplyDeleteThis article breaks down the sources of CO2 in California and talks about which industries the cap an trade system is trying to target. The article highlights the need to reduce emissions that are emitted from 450 businesses that make up 85% of all the CO2 produced, especially electric power plants, industrial plants and fuel distributors. According to the article, California's cap and trade models the cap and trade systems currently used by the Canadian Providences of Ontario and Quebec. Although CO2 is the primary focus of this cap and trade system there will also be permits designed to minimize the effects of CH4, N2O, HFC's, PFC's, SF6 and NF3. The over goal is to reduce greenhouse gas emissions by 3% every year, including 25,000 metric tons of CO2 that is produced solely by industrial plants. In other words the state is trying to reduce emissions by 30% by the year 2030.
----Ryan O'Sullivan
DeleteRyan again... just trying to get my name to show up.
Deletehttps://www.cpuc.ca.gov/General.aspx?id=5932b
ReplyDeleteThis article is on the California Public Utilities Website and what they can do to provide the need for the reduction of greenhouse gases. To the point, the report states that California's Cap and Trade Program is used to reduce greenhouse gas pollution, which results in climate change. The program allows for incentives for the companies and industries in California to reduce their greenhouse gas emissions significantly and to employ cleaner forms of energy, while working efficiently. To do this, the CPUC must play their role. They can lessen climate change by reducing the amount of gas released in the atmosphere. A primary example is to put a cap on the amount of greenhouse gases that the state can emission, and then lowering the limit each year. Fortunately, the California Air Resources Board is implementing this. By setting a cap, it will allow them to reduce it by 3% each year until California reaches their goal for reducing emissions. Here's a link to the California ARB as well.
https://ww3.arb.ca.gov/cc/capandtrade/capandtrade.htm
The California GHG Cap and Trade Program was launched in 2013 as the state will begin to use for lower greenhouse gas emissions.
ReplyDelete"California’s emissions trading system is expected to reduce greenhouse gas emissions from regulated entities by more than 16 percent between 2013 and 2020, and by an additional 40 percent by 2030" - (C2ES).
This shows a significant impact, even though this 16% should be pushed higher. 40% is a substantial aimed goal.
Also another quote:
"The California Air Resources Board (CARB) implements and enforces the program. The cap-and-trade rules first applied to electric power plants and industrial plants that emit 25,000 tons of carbon dioxide equivalent per year or more. Beginning in 2015, the program was extended to fuel distributors meeting the 25,000-metric ton threshold."- (C2ES).
Progress people! Thats way too much Co2.
I forgot to link my article: https://www.c2es.org/content/california-cap-and-trade/
Deletehttps://www.c2es.org/content/california-cap-and-trade/
ReplyDeleteThe article goes over the cap and trade program that is taken place in California. It is the fourth largest cap and trade program following Europe, Korea, and China. So far the cap and trade program has been working and its predicting to reduce it by 16 percent by 2020 and by 40 percent by 2030. With this program they hope to change other companies to do their part.
Mereana Street
Deletehttps://grist.org/article/so-what-did-california-do-with-that-1-4-billion-in-cap-and-trade-money/
ReplyDeleteI liked this article the most out of all the ones i went to last week, it had great charts and visions for california and even past emissions numbers from the previous year. The 2030 vision they have for themselves is an 80 percent firm limit on emissions and lots of other reductions in different sections of cities, transportation and fuels. There is some other good information.
The article that i choose was talking about how Cap and Trade program in 2013 are trying to lower the amount of greenhouse gases in our air. The united states cap and trade program is the fourth most largest program after Korea, Chinese and Europe. Cap and trade goes for he usage of industrial plants, electric power plants and fuel distributors. Cap and trade focuses more on reducing most of the CO2 in our air. I like the article because it shows diagrams of where our emission level are at and how much we have improved.
ReplyDeleteLink/URL: https://www.c2es.org/content/california-cap-and-trade/
Reviewing this particular California Air Resources Board article, it seems efforts to reduce GHGs, including the Cap and Trade program, have been very successful. The article reports that on August 12, 2019, Governor Gavin Newsom announced that GHG emissions in CA continued to decrease ahead of schedule for the year 2017. "GHG emissions came in at 424 million metric tons of CO2 equivalent in 2017, a decrease of five million metric tons from 2016."
ReplyDelete“This is further evidence that California’s groundbreaking climate regulations are helping to deliver the greenhouse gas reductions needed to meet our 2020 target – and give us a running start at our even more ambitious 2030 target, too,” said California Air Resources Board Chair Mary D. Nichols.
https://ww2.arb.ca.gov/news/governor-newsom-announces-climate-pollution-continues-drop-below-2020-target-while-states
The California cap and trade program stems from the Global Warming Solutions Act (AB 32), which mandates greenhouse gas levels be brought down to levels measured in 1990 by 2020 and further reducing levels by 80% by 2050. It works by issuing a finite number of permits to businesses that emit greenhouse gases (the cap). Businesses can buy and sell these permits at auctions and quarterly sales of allowances (the trade). This allows participants in the market to figure out their own way of reducing emissions, while still reducing emissions as a whole. The “cap” gets smaller and smaller, nudging emissions lower.
ReplyDeleteAccording to Stillwater Associates, California achieved the 2020 goal by getting emissions down to 1990 levels. Auction prices for allowances are selling above the auction reserve price, which funds other programs the city is supporting to reduce emissions in other sectors. These programs include high-speed rail, clean-running vehicles, and solar panel systems for residential properties. To May 2018, California has raised almost $7.9 billion to fund these and similar programs.
Former Governor Jerry Brown extended the cap and trade program by mandating a 40% reduction of greenhouse gases by 2030.
https://stillwaterassociates.com/california-cap-and-trade-101/
The overall purpose of this program is to limit the levels of co2 in our atmosphere, more specifically in California. To accomplish this, about 450 California businesses are required to participate in this program. Overall, the program limits future businesses (that emit greenhouses gasses) from forming by limiting the flow of new business from being created. The transportation, electric and industrial sectors contribute the most emissions into the state’s environment. By 2020, the trading system will reduce an estimated 16 percent in emissions and 40 percent by 2030. I found it interesting that these reductions are compared to the year 1990 and not a more recent year.
ReplyDeletehttps://www.c2es.org/content/california-cap-and-trade/
https://www.c2es.org/content/california-cap-and-trade/
ReplyDeleteI linked above the article that I used. The article basically breaks down how the program started in 2013 as one of the major policies in lowering California Greenhouse Gas Emissions. According to the article "California’s emissions trading system is expected to reduce greenhouse gas emissions from regulated entities by more than 16 percent between 2013 and 2020, and by an additional 40 percent by 2030". This is in aid to the states broader goal of lowering the states emissions levels by 2020.
Connor French
Deletehttps://ww2.arb.ca.gov/cap-and-trade-program-data
ReplyDeleteThe link above is the California Air Resources Board's website looking at the California GHG cap-and-trade program.
From exploring the information provided on this site I am not surprised that this program has faced criticism. The amount of allowances up for auction in 2019 is more than I would have expected. The total number of listed allowances being auctioned off is 258,067,307. The 17 September 2019 report states that $11,796,013,586.66 of proceeds from the auction went to California.
The Mandatory Greenhouse Gas Reporting Regulation amendments were approved by the Office of Administrative Law 29 March 2019. The most interesting one to me stated, "Electric power entities that no longer import or export electricity must verify their emissions data report in the first year in which they report zero imports or exports. Any reporting year thereafter with zero imports or exports is not subject to verification."
California's Cap and Trade program is fairly new (as of 2013) and is used to help reduce greenhouse gas emissions.
ReplyDeleteIn 2018, California spent 1.4 billion dollars with the program and it reduced emissions by about 36.5 million metric tons of carbon dioxide and reduced particulate emissions by 474 tons. The success was pretty monumental as it compares to removing 8 million cars off the road, however, California has about 36 million vehicles on the roads. It helps, but not yet enough.
Future plans including the high speed rail (if it ever gets built) from San Francisco to San Diego have already costed 626 million dollars, and will reduce carbon emissions by more that 65 million metric tons over the first 50 years
URL: https://grist.org/article/so-what-did-california-do-with-that-1-4-billion-in-cap-and-trade-money/
Goal is to limit greenhouse gas emissions, it mostly seems to be focused on CO2 emissions. They have set multiple goals for separate years to hit. All our targets seemingly increase in difficulty as the time progresses. I also did not find any statements for what would happen if the goals are not met by the mentioned year. An example is that we are to reduce emissions by 80% by around 2050. The data the want us to reduce from is from around 1990. We of course with increase in technology have more or less increased the amount of CO2 we have produced by then. The program of cap and trade gives business a reason to try and reduce emissions more and more because the less of the cap they use the more the amount they can sell off to make profit. For large business money is almost always the best way to convince them to do the right thing sadly. Hopefully with the recent meetings over global warming the system might push harder on larger businesses to reduce emissions for future reasons rather than monetary reasons.
ReplyDeleteGHG emissions come from various sources. Transportation is the leading source at 37% compared to other sources. In second place falls industrial purposes at 21%, followed by electricity at 19%. On the bright side, emissions have decreased over the years; however, emissions from transportation have continued to rise since the start of the program.
ReplyDeleteCompanies have been limited to how much emissions they can emit. They have the option to purchase permits that allow them to emit additional emissions. The permits cost $14 per ton of carbon emitted. The cap-and-trade program has raked in about $5 billion from companies since 2012. Gas prices went up about 11¢ per gallon since the cap-and-trade program launch. The price of gas will continue to rise under the cap-and-trade program.
https://www.sfchronicle.com/business/article/California-is-cutting-greenhouse-gases-but-not-13077345.php
Looking at the link attached I learned that the California Cap and Trade is suited for policies to lower the greenhouse gas emissions, such as large electric power plants, large industrial plants, and fuel distributors. The article states, "California’s emissions trading system is expected to reduce greenhouse gas emissions from regulated entities by more than 16 percent between 2013 and 2020, and by an additional 40 percent by 2030".
ReplyDeletehttps://www.c2es.org/content/california-cap-and-trade/
Delete