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At a workshop earlier this month, ARB released its initial thinking on how to implement the post-2020 market design reforms required by AB 398. We comment on ARB’s proposal and offer conceptual suggestions regarding market design and oversupply, with a goal of informing constructive discussion on these issues.
The California Air Resources Board has released its initial thinking on how to incorporate new limits on the use of carbon offsets in its post-2020 cap-and-trade market design, as required by AB 398. We review two key issues here.
The auction resulted in carbon prices near the price floor, with the outcome indicating that the bank of extra allowances held in private accounts continues to grow
Comment on CAISO’s Second Revised Draft Final Proposal for regional greenhouse gas accounting in the Electricity Imbalance Market.
Two prominent economists, Severin Borenstein and Jim Bushnell, have argued that proposals to eliminate oversupply in California’s cap-and-trade market would not have much effect—a conclusion we critique in this research note.
New data show that California’s greenhouse gas emissions covered by the state’s cap-and-trade system declined sharply in 2016, good news for state climate policy. However, the progress is almost entirely in the electricity sector.
When California imports electricity from other states, sometimes it involves “resource shuffling” that does not actually lead to lower greenhouse gas emissions, said Near Zero’s Danny Cullenward
“Climate change policy is proving difficult to enact even in liberal states with Democratic control,” The Intercept
Covering climate policy in Washington state and beyond, The Intercept spoke with Near Zero’s Danny Cullenward.
Covering carbon pricing programs in California and New England and their role in cutting greenhouse gas emissions, Utility Dive spoke with Near Zero’s Danny Cullenward.
Covering California’s plan for meeting its ambitious greenhouse gas emission reduction target for 2030 and the large role for cap-and-trade, E&E News spoke with Near Zero’s Danny Cullenward.
Covering international climate policy and climate finance, CNBC Asia spoke with Near Zero’s Danny Cullenward.
Covering carbon pricing initiatives around the US, MIT Technology Review spoke with Near Zero’s Danny Cullenward and referenced Near Zero’s recent work on California emission trends in sectors covered by the cap-and-trade system.
Covering California emission trends in sectors covered by the cap-and-trade system and the role of climate policies and other factors, CALmatters spoke with Near Zero about their recent work on this topic.
“Emissions have fallen pretty quickly and that’s good news. But a lot of people are saying, ‘See, the cap and trade program is working,’ and our analysis shows that it’s too soon to say that.” Near Zero’s Danny Cullenward, speaking with Capital & Main.
Covering California’s cap-and-trade program and Near Zero’s report on emission trends in covered sectors, East Bay Express spoke with Near Zero’s Danny Cullenward.
In discussions of California climate bill SB 775, one of the issues that has drawn the most criticism—and frankly, the most inaccurate criticism—regards linking the state’s cap-and-trade market with similar markets in other jurisdictions
Near Zero’s Danny Cullenward testified before the California Senate, commenting on ways of extending the state’s carbon pricing policy
California enacted one of the world’s most ambitious greenhouse gas reduction targets—achieving this goal will be a tremendous challenge