Traveling outside the U.S. for the last two weeks, I had the chance to flip last year news trying to find a different perspective for the forces playing in our world today. Year end is always a time for review of what happened, to understand what is going on as the basis for designing a better tomorrow. Everything starts by recognizing year ups and downs.
Talking about the environment, one down moment last year occurred when the Senate failed to debate the Clean Energy & Climate Act, a bill the House passed in 2009 that aims to reduce U.S. greenhouse gas (GHG) emissions below 1990 levels by 2020, an act which—despite the flaws—was a comprehensive layout for the implementation of strong energy and climate measures. The odds for the next Congress to reconsider these measures are close to zero. The good news happened in California, when against the political tide around the country voters by rejected Proposition 23 and saved AB 32, California's landmark anti-global warming law—the first comprehensive program of regulatory and market mechanism to achieve real, quantifiable, cost effective reduction of GHG.