29 Aug '17, 11pm

How complementary policies affect cap and trade in green building

In USGBC's series on cap and trade in California, we've covered the recent 10-year extension , as well as revenue distribution . Cap and trade is one of many climate strategies in California. Unlike the Greenhouse Gas Reduction Fund, which is a direct result of cap and trade, government regulations and programs are running in parallel, sometimes synergistically and at other times creating interference. The markets or mandates debate The Global Warming Solutions Act of 2006 (AB32, updated with SB32) codifies California’s ambitious climate goals, equipped with complementary measures for achieving them. During drafting, there was a debate over whether market-based or regulatory-based mechanisms were superior for reducing emissions. Market-based controls are attractive because they reward innovation, favoring low-cost solutions and picking the “low-hanging fruit” first, which ...

Full article: https://www.usgbc.org/articles/how-complementary-policies...

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