by Michael Mastrandrea | Feb 10, 2020 | Featured reports |
Download article We present a retrospective analysis of California’s greenhouse gas emissions to assess how the state has achieved faster-than-expected emissions reductions, meeting its 2020 emissions reduction goal four years early in 2016, and to shed light on the...
by Michael Mastrandrea | Dec 6, 2019 | Reports |
Download article The Western Climate Initiative is a multilateral cap-and-trade program in California and Québec. The California climate regulator has called for cap-and-trade to deliver nearly half of the emission reductions needed to achieve the state’s...
by Michael Mastrandrea | Oct 28, 2019 | Reports |
Download full report (pdf) Summary Near Zero submitted a comment letter to the California Energy Commission on its AB 1110 Implementation Rulemaking for the Power Source Disclosure Program. We appreciate the effort the Commission has put into updating the PSD Program...
by Michael Mastrandrea | Sep 18, 2019 | Featured reports |
Download preprint Use model The Western Climate Initiative (WCI) cap-and-trade program consists of two linked carbon markets in California and Québec, where it is intended to play a central role in reducing greenhouse-gas emissions pursuant to both jurisdictions’ 2030...
by Michael Mastrandrea | May 23, 2019 | Blog |
Results from the May 2019 WCI auction are now available. Both current and advance auctions sold out in full, at prices slightly higher than in recent auctions. The current auction settled at its highest price ever, $17.45, noticeably higher than the auction floor...
by Michael Mastrandrea | Jan 30, 2019 | Blog |
California’s Cap and Trade Program is expected to be a significant source of revenue in the coming years. Through December 2018, over $9.4 billion had been collected in the State’s Greenhouse Gas Reduction Fund (GGRF), for investment across three primary program...
by Michael Mastrandrea | Dec 13, 2018 | Blog |
California’s cap-and-trade program is the cornerstone of the state’s strategy to limit greenhouse gas emissions to 40% below the 1990 level by 2030 as mandated by state law. However, cap-and-trade may not deliver the emissions cuts expected of it because of a problem...
by Michael Mastrandrea | Oct 25, 2018 | Reports |
Download full report (pdf) Summary Near Zero submitted a comment letter to the California Energy Commission on its AB 1110 Implementation Proposal for the Power Source Disclosure Program. In our view, the proposal would make important improvements to the way...
by Michael Mastrandrea | Oct 22, 2018 | Reports |
Download full report (pdf) Download appendix (pdf) Summary Near Zero submitted a comment letter to ARB on its proposed regulations to implement AB 398, the cap-and-trade extension bill. Our comments focused on three issues: The serious risk that excess allowances in...
by Michael Mastrandrea | Oct 10, 2018 | Reports |
view model view demo webinar 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...
