Last Thursday, state Senate President Darrell Steinberg proposed a carbon tax on gas and other fuels. The tax would start at 15 cents per gallon and eventually reach 24 cents in 2020, raising an estimated $3.6 billion in the first year. Some environmental groups have taken issue with the proposal because it would pre-empt part of the state's current cap-and-trade program, which limits how much companies can pump out greenhouse gases. We discuss the tax and its implications for cap-and-trade.
Proposed Gas Tax Would Alter Climate Law
Craig Miller, science editor for KQED
Severin Borenstein, professor of business administration and public policy at the UC Berkeley Haas School of Business and co-director of the Energy Institute at Haas
Cara Horowitz, executive director of UCLA School of Law's Emmett Center on Climate Change
Darrell Steinberg, president pro tem of the California State Senate