Industries regulated under California’s cap-and-trade program reduced greenhouse gas emissions by nearly 5% in 2016, according to new data released by state officials. Richard Corey, executive director of the California Air Resources Board, said the numbers show the state is on track to meet its emission-reduction targets in 2020 and 2030.
Switching to all clean cars would require a herculean transformation in the Golden State. They accounted for less than 5 percent of car sales in the first six months of this year, even as the state offers plum incentives to motorists. Challenges include concerns about how far clean cars can travel and a lack of charging stations.
It's not a new phenomenon, but today's administrative state is increasingly characterized by agencies issuing "interpretive guidance" instead of troubling themselves with writing rules for public notice and comment (let alone waiting for Congress to pass a law).
Rent control policies in San Francisco may have fueled gentrification, Stanford economists say. Stanford economists Rebecca Diamond and Tim McQuade, who published their findings last month, said occupants of rent-controlled apartments built before 1980 are 20 percent more likely to stay than other renters. It might seem that rent-control policies, therefore, act as a bastion against gentrification, by allowing and encouraging long-term residents to stay, but the researchers say that's not exactly the case. "Rent control exacerbates the housing shortage by pushing landlords to remove supply of rental housing," Diamond told SFGATE.
Bitcoin's incredible price run to break over $7,000 this year has sent its overall electricity consumption soaring, as people worldwide bring more energy-hungry computers online to mine the digital currency.