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BUSINESS
March 31, 1993 | MICHAEL PARRISH, TIMES STAFF WRITER
The nation's first auction in rights to emit air pollution brought more bidders to the table than expected. The U.S. Environmental Protection Agency and the Chicago Board of Trade announced Tuesday that 171 bids--from electric utilities, brokerage firms, environmental groups and private investors--competed for more than 150,000 allowances that were sold by sealed bid, bringing in $21 million. Each allowance permits utilities to emit one ton of sulfur dioxide over one year.
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WORLD
April 8, 2007 | Mark Magnier, Times Staff Writer
As China's economy roars ahead, leaving Technicolor rivers and polluted skies in its wake, the world's most populous nation has struggled to craft environmental policies that will appease growing numbers of critics at home and abroad. Traditionally, many of the issues outlined in Friday's ominous United Nations report on climate change have been framed here, as elsewhere, as a trade-off between clean air and jobs. Yet it's also becoming increasingly evident that the division is not so clear-cut.
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NEWS
March 5, 1992 | JUDY PASTERNAK, TIMES STAFF WRITER
The South Coast Air Quality Management District will consider a radical change in course today in its fight against smog when it decides whether to replace many of the agency's regulations with a revolutionary trading market in pollution rights. Ostensibly, the decision the board faces is whether to allow the staff to spend the next year designing the trading program. But making a commitment of so much time and effort, says AQMD Executive Officer James M.
BUSINESS
March 31, 1993 | MICHAEL PARRISH, TIMES STAFF WRITER
The nation's first auction in rights to emit air pollution brought more bidders to the table than expected. The U.S. Environmental Protection Agency and the Chicago Board of Trade announced Tuesday that 171 bids--from electric utilities, brokerage firms, environmental groups and private investors--competed for more than 150,000 allowances that were sold by sealed bid, bringing in $21 million. Each allowance permits utilities to emit one ton of sulfur dioxide over one year.
NEWS
January 30, 1992 | JUDY PASTERNAK, TIMES STAFF WRITER
After two years of studying the pros and cons, the staff of the South Coast Air Quality Management District on Wednesday recommended establishing a revolutionary "smog exchange" that would replace many of the agency's traditional stringent regulations with a trading market in pollution rights.
BUSINESS
May 12, 1992
In an unprecedented move, one of the nation's biggest emitters of sulfur dioxide plans to buy pollution allowances for its coal-fired plants from one of the nation's cleanest utilities, officials said Monday. The Tennessee Valley Authority, the giant federal utility that operates 59 coal-fired units at 11 plants in Tennessee, Alabama and Kentucky, plans to buy sulfur dioxide emission credits from Wisconsin Power & Light Co., one of the nation's cleanest utilities.
WORLD
April 8, 2007 | Mark Magnier, Times Staff Writer
As China's economy roars ahead, leaving Technicolor rivers and polluted skies in its wake, the world's most populous nation has struggled to craft environmental policies that will appease growing numbers of critics at home and abroad. Traditionally, many of the issues outlined in Friday's ominous United Nations report on climate change have been framed here, as elsewhere, as a trade-off between clean air and jobs. Yet it's also becoming increasingly evident that the division is not so clear-cut.
NEWS
March 6, 1992 | LARRY B. STAMMER and JUDY PASTERNAK, TIMES STAFF WRITERS
Signaling a dramatic new direction in the decades-long war on smog, the South Coast Air Quality Management District on Thursday ordered its staff to prepare plans for a revolutionary new trading market in pollution rights. The 8-1 vote Thursday night came after an overflow public hearing that lasted six hours. The lone dissenting vote was cast by Larry Berg, a political science professor at USC who was appointed to the district board by Assembly Speaker Willie Brown.
BUSINESS
September 9, 1993 | From Times Staff and Wire Reports
EPA's Browner Wants to Broaden Acid Rain Market: At a Washington conference on business opportunities in the clean air market, agency Administrator Carol Browner said she would propose allowing large industrial facilities to "opt in" to the existing market in air pollution rights that is currently dominated by electric utilities. Browner said she hopes the expansion of pollution trading will create opportunities outside the utility sector.
NATIONAL
October 8, 2007 | Judy Pasternak, Times Staff Writer
Democratic presidential candidate Barack Obama today plans to propose spending $150 billion over 10 years on new clean-energy programs, including proposals to reduce greenhouse gas emissions and to develop new energy sources, according to senior campaign advisors. The energy package, which Sen. Obama (D-Ill.) is expected to outline in a speech at a library in Portsmouth, N.H.
BUSINESS
May 12, 1992
In an unprecedented move, one of the nation's biggest emitters of sulfur dioxide plans to buy pollution allowances for its coal-fired plants from one of the nation's cleanest utilities, officials said Monday. The Tennessee Valley Authority, the giant federal utility that operates 59 coal-fired units at 11 plants in Tennessee, Alabama and Kentucky, plans to buy sulfur dioxide emission credits from Wisconsin Power & Light Co., one of the nation's cleanest utilities.
NEWS
March 6, 1992 | LARRY B. STAMMER and JUDY PASTERNAK, TIMES STAFF WRITERS
Signaling a dramatic new direction in the decades-long war on smog, the South Coast Air Quality Management District on Thursday ordered its staff to prepare plans for a revolutionary new trading market in pollution rights. The 8-1 vote Thursday night came after an overflow public hearing that lasted six hours. The lone dissenting vote was cast by Larry Berg, a political science professor at USC who was appointed to the district board by Assembly Speaker Willie Brown.
NEWS
March 5, 1992 | JUDY PASTERNAK, TIMES STAFF WRITER
The South Coast Air Quality Management District will consider a radical change in course today in its fight against smog when it decides whether to replace many of the agency's regulations with a revolutionary trading market in pollution rights. Ostensibly, the decision the board faces is whether to allow the staff to spend the next year designing the trading program. But making a commitment of so much time and effort, says AQMD Executive Officer James M.
NEWS
January 30, 1992 | JUDY PASTERNAK, TIMES STAFF WRITER
After two years of studying the pros and cons, the staff of the South Coast Air Quality Management District on Wednesday recommended establishing a revolutionary "smog exchange" that would replace many of the agency's traditional stringent regulations with a trading market in pollution rights.
OPINION
April 1, 2007 | Michael K. Dorsey, MICHAEL K. DORSEY, assistant professor on Dartmouth College's faculty of science, teaches in the environmental studies program.
Economists, some environmentalists and a growing gaggle of politicians are pushing a grand strategy that a market mechanism -- known as "carbon cap and trade" -- can rescue us fastest from a climate catastrophe. But early evidence suggests that such a scheme may be a Faustian bargain. Gov. Arnold Schwarzenegger is one of the chief proponents of the market view.
CALIFORNIA | LOCAL
March 23, 1992 | JUDY PASTERNAK, Times Staff Writer
The South Coast Air Quality Management District staff will spend the next year designing a "smog exchange"--a trading market in pollution rights among industries in Los Angeles, Orange, Riverside and San Bernardino counties. There may be at least three separate markets: one each in sulfur oxides, hydrocarbons and nitrogen oxides. Another vote of the AQMD board will be necessary before trading can open. The California Air Resources Board and the U.S.
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