| First Name | Frank |
|---|---|
| Last Name | Lossy |
| Email Address | ftlossy322@comcast.net |
| Affiliation | Physician in private practic |
| Subject | CAPANDTRADE16 |
| Comment | California has shown leadership on climate change by creating a price on carbon. But the program can still be improved in several ways. The Petroleum Refining, Natural Gas Extraction, and Cement sectors received over 49 million free allowances in 2016. At $12.73 per allowance, that subsidy is worth over $629 million per year. That is in my opinion grossly unwarranted. Reducing or eliminating this subsidy would help bolster demand which has been lagging in recent permit auctions. The California Climate Credit that appears twice a year on electricity bills can be turned into an off-bill per-capita dividend that would be simple, transparent, and inclusive of disadvantaged communities. The State can gain supporters for the program’s extension, by moving the funding for environmental programs into the regular budget process and returning Cap & Trade revenues back to people as climate dividends. That would be a much more advantageous use of the funds. |
| Attachment | |
| Original File Name | |
| Date and Time Comment Was Submitted | 2016-09-17 21:35:27 |
If you have any questions or comments please contact Clerk of the Board at (916) 322-5594.