Re:A new website backed by Al Gore tracks big polluters by name
by ZeroGravitas on Monday November 14, 2022 @12:56PM
(#33598056)
Cap and trade and carbon fees are broadly interchangeable as pricing mechanisms.
Each specific location has carve outs and exemptions and phase-ins etc. but basically, farmers will be able to earn roughly $40 dollars per ton of emissions avoided, and other large industries will be paying $40 per ton of emissions and that figure will change as they measure progress to meet their commitments to reduce emmisions by 95%.
It might also drop to $30 if they link up their market with California and Quebec.
For comparison, the ballot measure intended to:
> enact a carbon emissions fee of $15 per metric ton of carbon beginning on January 1, 2020;
> increase the fee by $2 annually until the state's greenhouse gas reduction goals are met;
and
> use the revenue from the fee to fund various programs and projects related to the environment.
Each specific location has carve outs and exemptions and phase-ins etc. but basically, farmers will be able to earn roughly $40 dollars per ton of emissions avoided, and other large industries will be paying $40 per ton of emissions and that figure will change as they measure progress to meet their commitments to reduce emmisions by 95%.
It might also drop to $30 if they link up their market with California and Quebec.
For comparison, the ballot measure intended to:
> enact a carbon emissions fee of $15 per metric ton of carbon beginning on January 1, 2020;
> increase the fee by $2 annually until the state's greenhouse gas reduction goals are met;
and
> use the revenue from the fee to fund various programs and projects related to the environment.