Kirsten Snow Spalding
The looming fiscal cliff has prompted renewed debate over the idea of a carbon tax – a way of putting a price on the carbon pollution that leads to climate change. Some say a carbon tax would raise funds that would create jobs and boost the American economy while helping to tackling climate change. Others warn it would give government too much control over the energy sector.
Here in California, we didn’t wait for the folks in Washington to make up their minds – we’re already implementing a carbon price. Our landmark clean energy and climate law, AB 32, led to a successful first auction of greenhouse gas pollution credits that raised $290 million for the state in November. These funds will go to a variety of investments in energy efficiency, greener infrastructure, clean energy jobs, and other priorities that focus on making life better for all Californians.