As Californians grapple with further draconian cuts to education and social services as the deficit soars – again – to $16 billion, a budgetary bright spot has appeared on the horizon: the billions of dollars in revenues that will be generated once a state carbon market launches later this year.
As California policymakers discuss how to spend revenue generated by the state’s soon-to-be-launched carbon market, four related studies providing legal and economic analysis of different investment scenarios were released late Wednesday.
Starting later this year, California's cap-and-trade system to fight global warming will generate billions of dollars in revenue, as companies buy and sell permits to produce greenhouse gases. How should the money be used?
Gov. Jerry Brown on Monday proposed additional, deep state budget cuts and warned once again that even more cuts lie ahead if voters in November reject his tax-hike initiative.
Those are some of the findings of the 2012 California Green Innovation Index, released by the nonpartisan nonprofit group Next 10 and compiled by Collaborative Economics. The fourth edition of the index shows California setting the pace in venture capital investment, clean tech patent registration, energy productivity levels, and renewable energy generation levels.
