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Comment 8 for Cap & Trade PDR (dec-14-pdr-ws) - 1st Workshop.
First Name: Mike
Last Name: Sandler
Email Address: mike@carbonshare.org
Affiliation:
Subject: The only future for AB32: simplicity, transparency, equity
Comment:
Dear ARB, Thank you for your hard work in implementing AB32. A carbon price has the potential to transform California's economy and help stop global warming. However, if done incorrectly, cap and trade could increase inequities, give windfall profits to corporate polluters, and delay meaningful GHG reductions. I have attached a set of fliers regarding Carbon Share, which is a framework for equitably reducing emissions by providing every Californian income from the sale of emission rights under a cap. Such a Cap and Share system is democratic: One person - One Share, and is similar to a Cap & Dividend program, such as the CLEAR Act, proposed by U.S. Senators Maria Cantwell and Collins and currently being considered by the U.S. Senate. Providing rebates or shares back to households is not just a nice idea, or helpful in reducing the regressivity of price increases on low-income households. It is a political necessity. Otherwise, AB32 as a whole will face a political backlash. If you read the news, you know that it is already facing that, and it is at your peril to ignore it. Simplicity, transparency, and equity provide the only future for AB32 implementation. Specific recommendations: 1. Include transportation at the outset in 2012, 2. Auction 100%, 3. Return a majority of revenues back to households (According to the EAAC Report, 60% dividends would provide a net benefit to 54% of households, enough to ensure continued political support for AB32) (dividends are preferable to rebates on energy bills which are less transparent and provide not price signal), 4. Include an escalating price floor, 5. Limit offsets (rather than base your program on offsets or "credits," focus on mandatory permits), 6. Incorporate per capita design elements such as dividends when considering linkages to other ETS systems (this will allow states to build a common-based framework towards international Contraction & Convergence). Sincerely, Mike Sandler San Rafael, CA www.carbonshare.org
Attachment: www.arb.ca.gov/lists/dec-14-pdr-ws/8-outreachpdf1.pdf
Original File Name: OutreachPDF1.pdf
Date and Time Comment Was Submitted: 2009-12-29 12:16:20
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