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Environmental

Feb. 18, 2012

Report criticizes spending plans for carbon credit revenue

The Legislative Analyst's Office released a report Thursday criticizing Gov. Jerry Brown's proposal on how to spend the hundreds of millions of dollars officials expect to raise in the state's upcoming cap and trade auctions.


By Fiona Smith


Daily Journal Staff Writer


The Legislative Analyst's Office released a report Thursday criticizing Gov. Jerry Brown's proposal on how to spend the hundreds of millions of dollars expected to be raised in the state's upcoming cap and trade auctions.


Cap and trade, a key part of the state's effort to slash greenhouse gas emissions, sets a limit on emissions and creates a market for polluting companies to trade car...

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