AB 32
Auction prices in California’s cap-and-trade program
This week, the Emmett Center released a new paper on the potential legal constraints on revenue generated from California’s upcoming greenhouse gas (GHG) cap-and-trade auction. In that paper, we provide a general overview of the cap-and-trade auction mechanism and discuss the potential revenue raised. I would like to expand on that discussion in a series …
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CONTINUE READINGWill California’s cap-and-trade program get 85% of its reductions from offsets?
Will California’s greenhouse gas (GHG) cap-and-trade program meet 85% of its required reductions with offsets? That is the claim made in a complaint recently filed in a California Superior Court, seeking to throw out California’s offset regulations. (Citizens Climate Lobby v. CARB.) The complaint cites a NY Times article from 2011, in which someone from …
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CONTINUE READINGWill California’s Cap and Trade Program Stimulate Innovation?
Holly’s latest post about a new study showing that cap-and-trade programs have not led to technological innovation ends with a cautionary note that raises the key question about innovation and cap-and-trade programs to reduce greenhouse gas emissions: These results [showing no innovation] don’t mean that cap-and-trade has no role to play in policies directed at climate …
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CONTINUE READINGGuest blogger David Pettit: In the Weeds with GHGs
This post, by David Pettit of the Natural Resources Defense Council, is part of an occasional series by guest bloggers. As Ann Carlson and Rick Frank have previously blogged, on December 29th 2011, U.S. District Court Judge Lawrence J. O’Neill ruled that California’s low carbon fuel standard (LCFS) violates the Commerce Clause of the U.S. …
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CONTINUE READINGFederal Court Invalidates California’s Low Carbon Fuel Standard
U.S. District Judge Lawrence O’Neill has ruled that the California Air Resources Board’s pioneering Low Carbon Fuel Standard, a key component of California’s multifaceted strategy to reduce the state’s aggregate greenhouse gas emissions under AB 32, is unconstitutional. In his December 29th ruling in Rocky Mountain Farmers Union v. Goldstene, the Fresno-based federal judge issued …
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CONTINUE READINGAnother edition of good news, bad news
The bad news is about climate change (no surprise). The more we learn, the more daunting the problem appears. Cases in point: A column in the journal Nature (subscription required) provided the short version of a report issued this past spring by the California Council on Science and Technology on what it will take for …
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CONTINUE READINGDefending the “green guinea pig”
Just a quick post to point out my UCLA colleague Matt Kahn’s piece, in the Christian Science Monitor, defending California’s AB 32 climate regulations from a recent Wall Street Journal editorial (sub. req’d.) that maligns the state’s approach. Apparently the WSJ relies on a long-debunked estimate of the costs to households from California’s program, an estimate that (among …
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CONTINUE READINGTrolling for Anti-Environmental Plaintiffs
A reader sent me a an email from the Coalition of Energy Users trying to find plaintiffs for a challenge to AB 32 implementation. CEU claims to be a grassroots group that does not have a deep-pocket funding source, and that may be true. On the other hand, its interests are so precisely aligned with …
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CONTINUE READINGCalifornia Adopts Landmark Cap-and-Trade Program
Defying the trend in the rest of the country to ignore the perils of climate change, the California Air Resources Board voted today to establish the country’s first economy-wide cap-and-trade program covering greenhouse gas emissions. The vote comes five years after the state passed sweeping legislation — AB 32 — to roll California’s carbon emissions …
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CONTINUE READINGIs Cap and Trade Unfair?
I should probably start by putting my cards on the table. I’m not really an advocate of cap and trade as compared with other forms of regulation. What I care about is getting effective carbon restrictions in place, whether they take the form of cap and trade, a carbon tax, industry-wide regulations, or something …
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