Kzsc Fm On-demand

Deep dive into California's Cap & Trade system (Senator Laird is on the Senate's Working Group on Cap & Trade, which met last week to disuss how far we want to extend it, and whether to move up the current sunset ); How Cap & Trade works: measure emissions, and if over a cap, company has to pay a fee for the amount of emissions over the cap - alert listener Eric in Santa Cruz texts in that they can buy emissions from other companies, which is how Tesla was able to survive before they had cars to sell - Senator Laird adds that Tesla also takes advantage of emission-free car subsidies; funds paid to the state to to a fund that is ostensibly used to pay for actions to reduce emissions, but in the past the Governor has raided that fund to pay for other things; over time, the cap remains the same, but the price of credits over the cap goes up; there's pressure to renew the current system, which came out of 2006 law AB32 under Governor Schwarzenegger to encode the Kyoto Protocol agreement; Cap &Trad