The state's program will be able to test the theories about whether cap-and-trade reduces pollution without destroying businesses. If it works, expect other states to quickly follow.

When the federal government doesn't act to curtail pollution, they are putting public health, and the economy, at risk.

In this excerpt form his new book "Cracking the Carbon Code: The Key to Sustainable Profits in the New Economy," author Terry Tamminen examines the state of carbon management and the companies that are taking advantage of this shift to a green economy or those being burned.

The idea may not have passed Congress, but California is pushing ahead with the first carbon trading system in the U.S.

Back when President Obama was elected in 2008 I wrote a blog post about "What's Next for the Green Economy". At the time we were in the midst of economic turmoil, and expectations ran sky high for what Obama would achieve, including action on climate change and the growth of the green economy, as well as turning around the entire economy. Now it's time for the sequel--Revenge of the Republicans. Read More »

In practice a cap and trade program for carbon emissions is a pretty complex thing, no doubt about it. It also can seem like a pretty wonky concept for the average person to pay much attention to.

Companies that invest in states like Massachusetts and California are going to prosper...

Say what you will about Condoleezza Rice--the woman is ambitious. Since the end of the Bush years, Condi has been working as a political science professor at Stanford, and now it looks like the former National Security Advisor is taking on climate change through the guise of a stealth startup called C3.