ESM 297 Week 2 PP

ESM 297 Week 2 PP - ESM 297: Renewable Energy Law and...

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    ESM 297: Renewable Energy  Law and Policy Week 2: Climate Change Law and Policy, AB 32 and SB 1368
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    What tools do we have to mitigate  climate change? Tax policies: Carbon tax: assess the carbon emissions for each source and then apply a tax on the producer of those emissions
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    Other tools: Command and control: A standard > SB 1368’s “emissions performance standard” An emissions cap > AB 32
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    And: Market-oriented policies: … and trade > authorized by AB 32 EU’s Emissions Trading Scheme is a cap and trade system
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    And: Voluntary measures: Climate Action Registry for reporting carbon emissions Doesn’t currently require any additional steps Anything else?
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    Carbon Tax Not really on the table in California or the U.S. (unfortunately) However, AB 32 does state: “The state board may adopt by regulation, after a public workshop, a schedule of fees to be paid by the sources of greenhouse gas emissions regulated pursuant to this division, consistent with Section 57001. The revenues collected pursuant to this section, shall be deposited into the Air Pollution Control Fund and are available upon appropriation, by the Legislature, for purposes of carrying out this division.” (Section 38597). This provision doesn’t in itself authorize a broad carbon tax, but this area is somewhat murky in light of Prop 218
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    Carbon Tax In some ways a carbon tax is equivalent to a cap and trade b/c the “trade” piece can be equated to a tax insofar as it adds to the cost of doing business
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This note was uploaded on 08/06/2008 for the course ESM 297 taught by Professor Hunt during the Summer '07 term at UCSB.

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ESM 297 Week 2 PP - ESM 297: Renewable Energy Law and...

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