As detailed in a post earlier this month, California Governor Jerry Brown is making headlines with his proposal to borrow $500 million in cap-and-trade auction revenues to help address state budget shortfalls. While this proposal is not yet a done deal – the State Legislative Analyst’s Office has said using auction funds for non-climate mitigation purposes is illegal, and the Legislature must still approve the plan – it does point to a troubling trend and begs the question: how much of an impact can cap-and-trade actually have on climate mitigation?
A cap-and-trade program known as the Regional Greenhouse Gas Initiative (R.G.G.I.) has been operational in 10 New England and Mid-Atlantic states from Delaware to Maine for several years now. While limited to the electricity sector, auction revenues are intended to fund environmental and conservation projects that help save energy and reduce greenhouse gas emissions, similar to California’s cap-and-trade funding requirements.… Read more »
Looking Ahead: The 2013 German Federal Elections
Today APCO Worldwide’s Berlin office published an analysis of the upcoming German federal elections in September.
Most observers assume that Chancellor Angela Merkel will be re-elected when Germans go to the polls on September 22, 2013. She is extremely popular, and her party is far ahead in the polls. In fact, if Germans were given the opportunity to vote directly for the chancellor, opinion polls suggest that Merkel would win a formidable 63 percent of the vote. However, opinion polls never tell the whole story. Just recently, Merkel’s party experienced a shocking defeat during the state elections in Lower Saxony (which was thought to be a sure win for her party). Even if the polls do turn out to be accurate, Merkel is likely to struggle to form a coalition with her existing partners, the FDP. The outcome of the German election campaign is certainly more ambiguous than the numbers suggest.… Read more »
Categories EU Policy | Tagged APCO Worldwide, Chancellor Merkel, German election, Germany | Leave a comment