Cost of CARB: Cap and Trade Back on Track for 2012

Russ Steele

Reuters has the story:

A California appellate court has ruled that state regulators can proceed with plans to implement a carbon cap-and-trade system, a decision that puts them on track to launch the market as scheduled in January 2012.

Who is going to get access to the Carbon Tax Slush Fund has yet to be determined according to the report:

Key decisions, including how to allocate billions of dollars worth of pollution permits to utility companies and how to use revenue raised from the auction of those allowances, have yet to be made.

One thing is clear, the rate payers and the tax payers will be footing the bill for CARB's Cap and Trade program.

Exit questions:  Will your budget handle these extra energy cost?  If not, what are you doing to stop CARB?