Cap and Trade DID Not Go Away

New Principles to Help Accelerate the Growing Global Momentum for Carbon Pricing

2015:

  • New report shows the number of implemented or planned carbon pricing schemes around the world has almost doubled since 2012, with existing schemes now worth about $50 billion.

 

  • About 40 nations and 23 cities, states or regions are using a carbon price. This represents the equivalent of about 7 billion tons of carbon dioxide, or 12 percent of annual global greenhouse gas emissions.
  • And new report lays out six key principles to put a price on carbon – the FASTER principles – for putting a price on carbon based on economic principles and experience of what is already working around the world

The spotlight is on New York now with the upcoming United Nations meeting on the new Sustainable Development Goals, Climate Week New York, and in about two months, global leaders will meet again in Paris for COP 21.  More from the World Bank.

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California’s Cap-And-Trade Program Is Sick And Will Take High-Speed Rail Down With It

California’s carbon dioxide cap-and-trade auction program was expected to bring in more than $2 billion in the current fiscal year that ends June 30, 2017, a quarter of which is earmarked for the high-speed rail project narrowly approved by voters in a 2008 ballot initiative. As a hedge against uncertainty, a $500 million reserve was built into the cap-and-trade budget. But, with the August auction falling 98.5 percent short, the entire reserve was consumed in the first of four auctions for the fiscal year.

Further complicating matters is a pending lawsuit against the legality of California’s cap-and-trade program. Business groups and fiscal conservatives claim the program amounts to a tax, under a 2010 ballot initiative that better defined what exactly constitutes taxes and fees under California law, thus would requiring a two-thirds majority vote of the legislature.

Further, with the program slated to end in 2020, many businesses that are forced to buy the carbon credits are conflicted by the risk that they may end up buying the California equivalent of Confederate bonds, doomed to be worthless when the state loses its cap-and-trade war.

In the meantime, the High-Speed Rail project, currently promised to cost “only” $68 billion to run from the Bay Area some 400 miles south to Los Angeles may be looking at $50 billion in overruns. To fund the costly train, which was sold to voters as not costing a dime in new taxes, the expected revenue stream from cap-and-trade has been securitized, putting the state on the hook to Wall Street for billions in construction money advanced on the promise of future cap-and-trade revenue.

But the cap-and-trade market is showing dangerous signs of weakness. Not only have auction revenues collapsed in the last two auctions in May and August, but the competitive landscape for the auctions has collapsed as well. The Herfindahl–Hirschman Index (HHI), a commonly-used measure of competitive markets, signaled that last May’s auction was dominated by a sole market player. Last week’s auction improved somewhat, but was still moderately concentrated among a small number of buyers and sellers.

The lack of interest in California’s cap-and-trade carbon credits shows that the Golden State will likely have to come up with a significant amount of General Fund tax revenue, more than $2 billion annually, to build out its government-run rail project—something that isn’t likely to last much beyond the end of Gov. Jerry Brown’s fourth term in office in January 2019.

California's Cap and Trade Auction is Collapsing

California’s Cap and Trade Auction is Collapsing

**** Back in 2014:

In part from Politico: Cap and trade was a key part of the George H.W. Bush administration’s strategy for reducing acid rain in 1990, and it would have been the centerpiece of the climate bill that stalled and died in the Senate in 2010.

Despite the concept’s bipartisan heritage, cap and trade has become politically toxic in some circles — especially among supporters of coal, the carbon-intensive fuel that would face the heaviest costs under any trading system. Republicans derided the climate bill as “cap and tax,” while West Virginia Democrat Joe Manchin famously unloaded a rifle into a copy of the legislation during a Senate campaign commercial.

Still, cap and trade never went away.

With RGGI and California combined, about a quarter of the U.S. population lives in areas covered by trading programs designed to drive down carbon emissions, said Janet Peace, vice president of the Center for Climate and Energy Solutions, at a Senate briefing Thursday.

Other programs exist in Alberta, Canada; Australia; New Zealand; Norway; and South Korea. Next year, cap-and-trade programs are expected to launch in Switzerland, Tokyo, the United Kingdom and South Africa. Others are in development or undergoing pilot tests in Brazil, China, India, Japan, Mexico and even Kazakhstan.

“Eventually, 250 million people will be covered by a carbon price in China,” Peace said. The full article here.

*** The New York Times stays current on Cap and Trade.

 

Great Legal Decision on Obama’s Genderless Bathrooms

Post from: Washington Blade, America’s Leading LGBT News Source

Judge blocks guidance on bathroom access for trans students

A federal judge has blocked the enforcement of guidance from the Obama administration prohibiting schools from discriminating against transgender students, including denying them access to public restrooms consistent with their gender identity.

U.S. District Judge Reed O’Connor, an appointee of former President George W. Bush, issued the preliminary injunction late Sunday in response to a lawsuit filed in May by Texas Attorney General Ken Paxton on behalf of 12 states and two school districts.

In the 38-page order, O’Connor writes the case “presents the difficult issue of balancing” the rights of transgender students and privacy concerns, but he nonetheless sides with states suing the Obama administration.

“The sensitivity to this matter is heightened because defendants’ actions apply to the youngest child attending school and continues for every year throughout each child’s educational career,” O’Connor writes. “The resolution of this difficult policy issue is not, however, the subject of this order. Instead, the Constitution assigns these policy choices to the appropriate elected and appointed officials, who must follow the proper legal procedure.”

In May, the Departments of Justice and Education said schools are barred from discriminating against transgender students, including in bathroom use, under the prohibition of gender bias in Title IX of the Education Amendments of 1972. That means schools refusing to allow transgender students to use the restroom consistent with their gender identity are at risk of losing federal funds.

The court order doesn’t devote significant discussion to why transgender students should be subjected to schools barring them from restroom use consistent with their gender identity, but cites the intent of Congress in passing Title IX and portions of the law that allow schools to segregate students by gender.

“Without question, permitting educational institutions to provide separate housing to male and female students, and separate educational instruction concerning human sexuality, was to protect students’ personal privacy, or discussion of their personal privacy, while in the presence of members of the opposite biological sex,” O’Connor writes.

Critics say Paxton and the states he represents lacked standing to sue the Obama administration over the guidance, but O’Connor writes they’re able to sue because the guidance is “clearly designed to target plaintiffs’ conduct.”

“Guidelines will force plaintiffs to consider ways to build or reconstruct restrooms, and how to accommodate students who may seek to use private single person facilities, as other school districts and employers who have been subjected to Defendants’ enforcement actions have had to do,” O’Connor writes. “That the guidelines spur this added regulatory compliance analysis satisfies the injury in fact requirement.”

O’Connor writes the injunction “should apply nationwide” and states that don’t wish to comply with the order “can easily avoid doing so by state law that recognizes the permissive nature.” The injunction, O’Connor writes, shouldn’t interfere with similar cases pending before federal courts on transgender bathroom use and “parties should file a pleading describing those cases so the court can appropriately narrow the scope if appropriate.”

Kasey Suffredini, chief program officer for Freedom for All Americans, called the ruling a “step back for transgender protections,” criticizing O’Connor for the decision and refusing to hear from a single transgender student during court proceedings.

“It is shameful that opponents of equality have forced this lawsuit forward in an attempt to make transgender Americans pawns in a political game; but this ruling will not stand the test of time,” Suffredini said. “All transgender Americans – particularly transgender youth – deserve to be treated with dignity and respect. No singular court ruling negates the right of all Americans to receive equal treatment under the law – that’s one of our nation’s founding values.”

Paxton in a statement after the ruling said the plaintiff states are “pleased” with the decision and it restricts “the Obama administration’s latest illegal federal overreach.”

“This president is attempting to rewrite the laws enacted by the elected representatives of the people, and is threatening to take away federal funding from schools to force them to conform,” Paxton said. “That cannot be allowed to continue, which is why we took action to protect states and school districts, who are charged under state law to establish a safe and disciplined environment conducive to student learning.”

Dena Iverson, a spokesperson for the U.S. Justice Department, said the Obama administration is considering the order and whether to appeal to the U.S. Fifth Circuit Court of Appeals.

“The department is disappointed in the court’s decision, and we are reviewing our options,” Iverson said.

Given the broad nature of the litigation — which sought not only to bar enforcement of the Obama administration guidance, but general enforcement of federal laws against gender discrimination to protect transgender people — the nature of the injunction is sweeping and one that defies years of legal precedent establishing transgender discrimination amounts to gender discrimination.

Five civil rights organizations that had submitted a friend-of-the-court brief in the lawsuit – Lambda Legal, American Civil Liberties Union and ACLU of Texas, National Center for Lesbian Rights, Transgender Law Center and GLBTQ Legal Advocates & Defenders — issued a joint statement in the aftermath of the injunction saying nothing has changed.

“A ruling by a single judge in one circuit cannot and does not undo the years of clear legal precedent nationwide establishing that transgender students have the right to go to school without being singled out for discrimination,” the statement says. “This unfortunate and premature ruling may, however, confuse school districts that are simply trying to support their students, including their transgender students. So let us make it clear to those districts: your obligations under the law have not changed, and you are still not only allowed but required to treat transgender students fairly.”

The statement also criticizes O’Connor for a decision the organizations say “targets a small, vulnerable group of young people – transgender elementary and high school students – for potential continued harassment, stigma and abuse.”

This ruling isn’t the first anti-LGBT decision made by O’Connor. Prior to the U.S. Supreme Court decision last year in favor of same-sex marriage nationwide, O’Connor issued an injunction allowing married same-sex couples to access benefits under the Family & Medical Leave Act in states without marriage equality.

 

Here it Comes, Another Sin Tax, Sodas

Ballot measures are slated for just about everyday and they range from the sublime to the ridiculous…have you paid any attention?

Just in case you need an overview:

Who’s backing 2016 ballot measures?

CPI:  National advocacy groups are gearing up to push state ballot measures in 2016 on topics ranging from the minimum wage to marijuana legalization. Below is a sampling of groups and their plans.

For a sampling some of the work and in sight has already been provided such that you should be on alert by going here.

Soda tax battle brewing at 2016 ballot box

June 8, 2016: Opponents of a proposed sugary drink tax demonstrate outside City Hall in Philadelphia. June 8, 2016: Opponents of a proposed sugary drink tax demonstrate outside City Hall in Philadelphia. (AP)

FNC: Local governments are always thirsty for revenue – and their taste for a soda tax keeps getting stronger, fueling a new battle this fall with America’s beverage industry.

Boosted in part by anti-soda warrior and former New York City Mayor Michael Bloomberg, proponents are trying to get a tax on sugary drinks approved at the ballot box in at least four more municipalities.

The initiatives mark a resurgence of sorts for the soda tax crusade. According to the American Beverage Association, voters have rejected 43 such measures in the past eight years. But in a major win for the movement, the Philadelphia City Council approved a 1.5-cents-per-ounce soda tax this past June.

Now, three California municipalities – San Francisco, Oakland and Albany – are slated to vote on a soda tax of a penny per ounce. Boulder, Colo., could double that, if voters OK a 2-cents-per-ounce tax. The initiatives, which have been approved for the ballot, target both sugary drinks and diet drinks.

Advocates cite health benefits in pushing the proposals. “The goal of taxes on sugar-sweetened beverages is to reduce consumption of sugar-sweetened beverages, which science has proven to be directly correlated to detrimental health impacts such as diabetes, obesity and heart diseases,” San Francisco Board of Supervisors member Malia Cohen told FoxNews.com.

Bloomberg, often ridiculed for his efforts to ban the big gulp in his home city, spent $1.6 million to advocate for the passage of the Philadelphia tax and reportedly will be bankrolling efforts in San Francisco and Oakland as well.

But the American Beverage Association is staunchly opposed. ABA spokeswoman Lauren Kane said the Philadelphia tax is highly unpopular and shouldn’t be a model for any other city.

“This is a regressive tax, it raises the price of groceries and it’s discriminatory because it singles out a single product in the grocery cart,” Kane told FoxNews.com. “Once the government reaches into the grocery cart, everything else is vulnerable.”

The beverage association contends that soda consumption is at a 30-year low, yet obesity has continued to climb in recent years. Further, it notes West Virginia, Arkansas and Tennessee all imposed some soda tax, but rank among the most obese states in the nation.

“There is no single product that is responsible for obesity,” Kane said.

So far, only Berkeley, Calif., has enacted such a tax with voter approval, OK’ing a 1-cent-per-ounce tax in the 2014 election.

If a city the size of San Francisco adopts a tax at the ballot box, it could be a model for others, advocates hope.

“San Francisco has always been a pioneer in landmark legislation and I have no doubt the passage of a sugary beverage tax in San Francisco will encourage other municipalities to seriously consider implementing a similar tax,” said Cohen, who led the effort to have the measure placed on the ballot.

San Francisco would appear the most likely to adopt the measure since 56 percent of voters backed a proposed 2 percent tax increase in 2014. It needed a two-thirds majority to pass because the tax revenue was dedicated for a specific purpose. This year, it’s a proposed 1 percent tax that requires only a simple majority, since the revenue would be going to the general fund. If approved, the tax is projected to bring in $14.4 million annually – money supposedly to be used for health and nutrition programs.

Therein lies another concern. Kane said the revenue would be going into the general budget “with no strings attached” – so voters wouldn’t even know if the revenue would be used “to fight obesity.”

The ABA has a formidable foe in Bloomberg. He telegraphed his plans in a statement issued after the Philadelphia tax victory.

“In November, voters in three California cities will take up the issue, and it may also come before voters in Boulder, Colorado,” Bloomberg said. “When cities lead the way, solutions that were once considered non-starters can quickly catch fire and spread around the world. It would not be the first revolution Philadelphia has sparked.”

The issue even worked its way into presidential politics this year. After eventual Democratic nominee Hillary Clinton said she was “very supportive” of the Philadelphia proposal in April, her opponent Vermont Sen. Bernie Sanders wrote an op-ed for Philadelphia Magazine calling it a “regressive grocery tax that would disproportionately affect low-income and middle-class Americans.”

Cohen objects to the charge of a regressive tax.

“What this assumption ignores is the fact Type 2 Diabetes is a regressive disease,” Cohen told FoxNews.com. “At today’s rate, 50 percent of African American youth vs. 25 percent White youth will contract Type II Diabetes in their lifetime. This is not a coincidence and we must do something today to address this crisis.”

The Field for the Oval Office is Expanding

Evan McMullin for President

Photo published for About Evan McMullin

My Letter To America

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Jobs and the Economy

Democrats Social Reconstruction in America via Putin

Primer for this interview: Why did Baraq Obama put Chuck Hagel in as Secretary of Defense? Global Zero. Further, while everyone is caught up in the election cycle, it is important to know that Obama has removed our first strike option to deploy a nuclear weapon. Kinda don’t need that pesky nuclear football that is with Obama at all times.

This week, Trevor interviews Jeffrey R. Nyquist, geopolitical expert and author of “Origins of the Fourth World War: And the Coming Wars of Mass Destruction.” This particularly frightening episode of LoudonClear delves into what happened to the communists after the cold war, the Russian propaganda machine and Donald Trump’s Russian ties. Hat tip to NoisyRoom. Related reading:

Russia Weaponizing the Arctic

Hillary’s Relationship with Russia is Approved Espionage

Russian spies claim they can now collect crypto keys

The U.S. has had a Russian Problem of Espionage for Decades

The Games of Russia and the IRGC, that Kidnapped our Sailors

What you Need to Know About the Gerasimov Doctrine’

That should keep you busy for a while and provide an in sight into how the willing accomplices within our government are either carrying the baton for the Kremlin or are too stupid to know otherwise.