A national perspective on the cap & trade program that starts next month
For three years we’ve been watching the process leading up to implementation of California’s plan to push greenhouse gas emissions back to 1990 levels by 2020. As the green flag is about to drop, you’ll start to see more national media attention focused on it.
To wit, this morning’s debut of a two-part series by NPR’s Christopher Joyce on what will be the nation’s first industry-wide cap on carbon emissions.
Joyce describes the program, authorized by the 2006 Global Warming Solutions Act, a “radical experiment” and “a risky step at a time when the state’s economy is shaky.”
The story starts by airing out fears that the program will drive jobs from the state, an effect delicately described by economists as “leakage.” Then Joyce seeks to balance the ledger with prospects for new jobs and industries that the regulations are already spawning.
Joyce profiles two businesses that stand to benefit from the new rules, Propel Fuels of Redwood City and a Washington state-based appliance recycler with a facility in the Bay Area.
Technically the program goes into effect in January but regulators have floated full “compliance” to 2013.