#climate-finance

#climate-finance

The cap-and-invest program, authorized by landmark legislation (Assembly Bill 32) in 2006, sets a declining cap on greenhouse gas emissions from the state's largest polluters. Companies with large amounts of emissions must buy allowances through a carbon market, creating a financial incentive to pollute less and invest in cleaner technologies. The system works: it's driven emissions reductions, generated revenue and made California a model for climate action.

I was super happy when I received the news. It was so unexpected because I knew that so many people were applying since it was the first M.S. in Climate Finance in the U.S. It was good news, not only for me, but also for the nonprofit sector. We don't have these two topics together in many universities. I'm working for an NGO that does worldwide conservation.

"Despite Reform leaders' vocal opposition to climate action, the polling clearly shows broad support, with 70% of both Reform-leaning voters and the general public favoring higher taxes on polluters."

"With around $30 trillion in global savings annually, there is more than enough capital to fund the global transition," said Sachs, an expert on how laws, policies and business shape global investment flows.