Reports

California’s Cap-and-Trade Reforms: October 2018 Comment Letter

Near Zero comments on the serious risk that excess allowances in the cap-and-trade program will frustrate its ability to deliver the emission reductions called for in the 2017 Scoping Plan, a potential loophole in the proposed definition of “direct environmental benefits” for carbon offsets, and the need to work toward a science-based policy strategy.

An open-source model of supply and demand in the Western Climate Initiative cap-and-trade program

Near Zero's open-source model of the Western Climate Initiative cap-and-trade program is intended to help project, analyze, and track market outcomes. It allows users to explore the future market supply and demand balance through 2030, based on users' assumptions...

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Media

“Economists question cap-and-trade rules,” E&E News

Covering climate policy and California’s carbon market, Debra Kahn of E&E News spoke with Near Zero’s Danny Cullenward, an author of the recent report of the state’s Independent Emissions Market Advisory Committee

“Snub from Ontario doesn’t dampen Calif. auction,” E&E News

“The number of allowances offered for sale at auction right now is significantly higher than covered emissions are going to be. When people buy all of the allowances, oversupply is growing because we’re offering more allowances than people need in the short term.” Covering California’s cap-and-trade market, E&E News spoke with Near Zero’s Danny Cullenward.

Blog

Linking, banking, and offsets

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

credit for header photo: Krystle Mikaere