Pricing pollution has produced a big cash windfall for California, and another infusion will start taking shape today.
The state’s cap-and-trade system requires businesses to purchase allowances for their climate-altering emissions, and it has generated some $2.8 billion for climate related programs to date. The Air Resources Board is selling off potentially more than 75,000 additional permits today, promising even more funding to be directed by elected officials who still haven’t decided how to divvy up the existing pot.
State officials will also be dropping in on a clean energy conference in San Francisco. The confab is focused on distributed energy, a term that encompasses energy storage devices such as batteries and generators such as wind and solar projects. Attendees will include California Public Utilities Commission head Michael Picker, California Energy Commissioner Andrew McAllister, senior gubernatorial adviser Clifford Rechtschaffen, and an array of folks representing both utilities and companies offering services like rooftop solar panels and electric vehicle charging stations.
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