by Danny Cullenward | Sep 12, 2018 | Reports |
Download full report (pdf) Download data (Excel) Executive Summary We present a method for tracking the private bank of compliance instruments in the Western Climate Initiative cap-and-trade program, drawing on official market data. Banking metrics allow policymakers...
by Danny Cullenward | Sep 12, 2018 | Reports |
Download report (pdf) Danny Cullenward, Michael Mastrandrea, and Mason Inman of Near Zero, together with Geeta Persad of Union of Concerned Scientists, sent a comment to the California Air Resources Board (ARB) on ARB’s Aliso Canyon Mitigation Agreement with...
by Danny Cullenward | Jul 16, 2018 | Reports |
Download full report (pdf) Download data (Excel) Executive summary New data show that the net result of Ontario’s brief participation in California and Québec’s Western Climate Initiative (WCI) cap-and-trade program was to inflate the program’s supply by 13.2 million...
by Danny Cullenward | Jul 11, 2018 | Reports |
Danny Cullenward and Shelley Welton published a paper forthcoming in the Yale Journal on Regulation Bulletin (Sept. 2018) discussing recent actions by FERC and implications for state energy and climate policies. A digital preprint is now available via SSRN. Abstract...
by Danny Cullenward | Jul 5, 2018 | Reports |
Download full report (pdf) Download data (Excel) Summary From an environmental perspective, managing the cap-and-trade program’s excess supply of allowances is arguably the most important question affecting the design of ARB’s post-2020 market. Yet the California Air...
by Danny Cullenward | May 23, 2018 | Reports |
Download full report (pdf) Download data (Excel) Executive summary In recent public statements, ARB staff have suggested that California’s “self-correcting” cap-and-trade auction mechanism will address overallocation—referring to a unique provision of the state’s...
by Danny Cullenward | May 7, 2018 | Reports |
Download full report (pdf) Download data (Excel) Executive summary ARB’s April 2018 Staff Report fails to “[e]valuate and address concerns related to overallocation” in the cap-and-trade program, as required by AB 398. Despite widespread concern that overallocation...
by Danny Cullenward | Mar 16, 2018 | Reports |
Download full report (pdf) 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 and invited comments on these materials. In response, we comment on ARB’s overall market design...
by Danny Cullenward | Mar 16, 2018 | Reports |
Download full report (pdf) AB 398 requires the California Air Resources Board (ARB) to make several important reforms to the cap-and-trade program’s post-2020 market design. For example, the statute requires ARB to implement a hard price ceiling at which unlimited...
by Danny Cullenward | Mar 15, 2018 | Reports |
Download full report (pdf) Download data (Excel file) AB 398 requires the California Air Resources Board (ARB) to incorporate new limits on the use of carbon offsets in its post-2020 cap-and-trade market design. ARB has released its initial thinking on how to...
