California launches cap and trade program in bid to reduce carbon emissions
- Year: 2012
- Length: 5:42 minutes (5.23 MB)
- Format: MP3 Mono 44kHz 128Kbps (CBR)
Next week California companies that emit high levels of pollution will find out if they won permits under the state’s new cap and trade program. The Air Resources Board held an auction Wednesday, in which companies bid online for carbon allowances, which could determine how much a particular company emits and at what cost. It’s the most comprehensive cap and trade program in the nation and is central to the state’s 2006 AB32 law, which mandates a 30 percent cut to greenhouse gas emissions by 2020 and 80 percent by 2050. The auction went forward after a last-minute legal challenge by the California Chamber of Commerce failed to block it. While the program has been called a model for other regions, some environmentalists criticize the cap and trade model and instead call for a focus on low-carbon or carbon free energy. Cara Horowitz is executive director of the Emmett Center on Climate Change and the Environment at UCLA. She joins us to discuss the cap and trade program.