Region: California
BREAKING NEWS: Another West Coast Win for PACE Energy Financing
Almost a year later, California wins again in the effort to reverse a federal agency’s 2010 decision that decimated PACE, a promising financing program for residential energy efficiency and renewable investments. Federal District Court Judge Claudia Wilken ruled today that the Federal Housing Finance Authority (FHFA) violated the Administrative Procedure Act’s (APA) notice-and-comment requirement when …
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CONTINUE READINGCalifornia’s Groundwater Crisis: Time to Adjudicate
As Rick pointed out last week, the University of Texas has found that California’s groundwater resources are “being depleted at an alarming rate” and the state’s use of them is completely unsustainable. The Texas study follows up on Rhead Enion’s study last year issued by the Emmett Center, which pointed out that California is one …
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CONTINUE READINGCalifornians and the Environment: PPIC’s New Survey Results
The Public Policy Institute of California this week released the results of its 12th annual “Californians and the Environment” survey. PPIC, a non-partisan think tank, always seems to be generating thought-provoking and cutting-edge scholarship focusing on the nation-state of California. Its latest environmental survey, based on recent polling of 2500 Californians, continues that tradition. The …
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CONTINUE READINGOverdrafting California’s Groundwater Resources–A Chronic Condition
A recently issued study by a University of Texas-led group of research scientists confirm a discomforting fact: groundwater resources in California’s Central Valley are being depleted at an alarming rate. As reported in the Sacramento Bee, the study warns that current groundwater extraction rates from the Central Valley aquifer–which is primarily mined to serve agricultural …
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CONTINUE READINGThe Politics of State Energy Deregulation: A Hypothesis
If you are interested in environmental policy, state public utility commissions might be the important agencies you’ve never heard of. PUCs determine how much power capacity there will be and even more importantly, what the mix of energy sources will generate it. Sometimes pundits will speak of “national energy policy”, but that is essentially a null set: …
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CONTINUE READINGPicking Up the PACE: FHFA Releases Proposed Property-Assessed Clean Energy Rule
It has been a long road for supporters of Property-Assessed Clean Energy (PACE) programs. With the recent release of the Federal Housing Finance Agency’s Proposed Rule on enterprise underwriting standards and mortgage assets affected by PACE programs, some residential PACE supporters may be reasonably fatigued. But while the agency’s Proposed Rule maintains its position that …
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CONTINUE READINGCalifornia State Parks: What’s the Real Scandal?
Make no mistake: the disclosure last week that the California State Parks Department was sitting on $54 million of excess funds while claiming that parks all over the state had to be closed is a real hit. Parks director Ruth Coleman — actually, a talented and dedicated public servant — did the right thing and immediately resigned, …
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CONTINUE READINGDo “Green Homes” Sell for a Price Premium?
Yes. Nils Kok and I estimate a large 9% price premium for “Energy Star” certified California homes relative to similar homes that are not certified. If you like to read about the “green economy”, here is a free copy. This study builds on my recent work estimating the price premium for solar …
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CONTINUE READINGHigh Speed Rail’s A-Coming to California
With the California Legislature’s recent approval of the sale of voter-approved state bonds to fund high speed rail, it looks like the bullet train is actually coming to the state. Since voters approved the bonds in 2008, the economy has collapsed, and the details of the proposed route has made enemies out of many communities …
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CONTINUE READINGAssessing California’s cap-and-trade design
How vulnerable will California’s cap-and-trade program for greenhouse gas emissions be to market manipulation, noncompliance, and fraud? Will the program’s public auctions of allowances serve a critical regulatory purpose, or are they just a big money grab? With about four months to go before the highly anticipated first auction, these questions are important and getting …
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