by Mason Inman | 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 Mason Inman | 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 Mason Inman | 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 Mason Inman | 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 Mason Inman | 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...
by Mason Inman | Mar 1, 2018 | Reports |
On February 21, the Western Climate Initiative (WCI) held its first auction of greenhouse gas (GHG) allowances featuring Ontario (ON), which formally linked with California (CA) and Québec (QC) in 2018. The auction resulted in carbon prices near the price floor, with...
by Mason Inman | Jan 11, 2018 | Reports |
Download full report (pdf) Removing excess cap-and-trade allowances will reduce greenhouse gas emissions Summary of responses to Severin Borenstein and Jim Bushnell Last month, the California Air Resources Board (ARB) identified the cap-and-trade program as the single...
by Mason Inman | Nov 10, 2017 | Reports |
Download report (pdf) Download data (Excel file) New data show that California’s greenhouse gas emissions covered by the state’s cap-and-trade system declined sharply in 2016, falling 16.4 million metric tons of carbon dioxide equivalent (MMtCO2e) below...
by Mason Inman | Oct 27, 2017 | Reports |
Download report (pdf) We comment on the relationship between the 2030 Scoping Plan and the AB 398 implementation process. AB 398 requires a number of substantive changes to the post-2020 cap-and-trade market design the California Air Resources Board (ARB) adopted in...
by Mason Inman | Oct 2, 2017 | Reports |
On October 2, 2017, the Near Zero team—Michael Mastrandrea, Mason Inman, and Danny Cullenward—presented at Stanford’s Energy Seminar, showing results from a retrospective study in-progress. The full video of the talk is below. As California prepares its strategy...
