Skip to comments.California weighs giving away more CO2 permits (to stem 'leakage' of businesses fleeing state)
Posted on 08/01/2012 10:12:08 AM PDT by NormsRevenge
Aug 1 (Reuters Point Carbon) - In an effort to dissuade companies in key industries facing new carbon costs from leaving the state, California is considering giving them millions of dollars worth of additional free greenhouse gas allowances, state's air regulator said on Monday.
California's cap-and-trade program seeks to emulate tactics used in the European Union and Australia to address emission "leakage" - a term describing the exodus of employers from a state or country in order to sidestep environmental costs.
The California Air Resources Board (ARB), the regulator of the forthcoming program, held a workshop in Sacramento on Monday where it discussed plans to give away more free permits to prevent leakage in "trade-exposed" industries like cement production, oil refining and food processing.
Over the first three allowance auctions, which begin in November, the state will sell 48.9 million allowances and give away 53.8 million allowances, according to ARB.
Any company deemed to have either a high, medium or low risk of leaving the state will receive all the allowances they need to comply with the program during the first two-year compliance period, from 2013-2014, rather than have to buy the permits at regular auctions.
But those in the low and medium risk groups are currently scheduled to see their allotment of free allowances start to decline in 2015 by as much as half.
ARB officials on Monday said they are conducting studies examining the leakage risk of companies based on their historical energy costs and trade flows.
Any change to the regulation won't come quickly, however. The results of the studies are not expected until late 2013 at the earliest.
(Excerpt) Read more at reuters.com ...
AB 32, a Job Killer like none before.. based on a pseudoScience runamuck..
Obama applauds it, the NRDC Sierra Club-types demanded it..
Those who are truly vested in the future of this state are stuck paying for it.. for now..
The next fleeing waves of business will likely see this state bellied-up like a dead whale before 2020.
If 50% of the businesses close in CA putting millions of people out of work, there will be a reduction in pollution. The EPA and the Sierra Club will be delighted.
Instead of a blanket waiver or complete rescind of the job-killing bills, it is a business by business issued permit?
How much ‘red tape’ does that generate?
Liberals are insane.
Lately, nothing has been pissing me off about politics like the brazen trend of passing sh$t stupid laws and immediately issuing exemptions.
If we closed all the leftist MEDICAL MARIJUANA SHOPS these lawmakers all frequent before writing ENVIRONMENTAL LEGISLATION we would not only cut down on CO2 emissions we would not have the LEGISLATION in the first place.
Totally unexpected!! We sure didn’t see this coming, did we?
We’re being overrun by “government by exception.”
What's the current price of a California state representative on eBay? Or do they advertise by the hour on craigslist?
The problem with this is that once the enemies are gone they will resort to attacking each other.
American industry died a death of a thousand cuts. No one in itself fatal, but cumulatively, they did it in. And all the malefactors stand around looking surprized and pointing fingers at one another.
Since CO2 is really only a tiny component in the concentration of “greenhouse” gasses, and “Climate Change” is a result of the “greenhouse effect”, will legislation be enacted that cuts off the main source of climate changing greenhouse gasses? That would be Water Vapor, or H20 gas, which is between 3000% to 4000% higher in the atmosphere than CO2.
To prevent adding this deadly greenhouse gas pollution to our environment, I recommend shutting down all water (H20) distribution systems; canals, aqueducts, pipelines, dams, reservoirs, etc. And as a final and ultimate solution, close the Pacific Ocean. Thank you.
There's the game, Green bills reduce Red tape.
It's the state that talks the progressive talk, but then is the first to whine that they want out.
And the criminal elected morons and bureaucrats actually believe that businesses are stupid enough to get suckered in, spend tens or hundreds of millions$ and not expect to get whacked by the economic retards later?
So if you can run away from the rapist, California will give you a wavier. If you can’t, the benevolent state will screw you even worse.
They giving them time to pack?