cap-and-trade

Cap-And-Trade Extension A Lifeline For High Speed Rail

Auction proceeds will continue to fund the train and other transit, housing and energy programs

As Cara posted, the California Legislature scored a super-majority victory last night to extend the state’s signature cap-and-trade program through 2030. It was a rare bipartisan vote, although it leaned mostly on Democrats. Lost in the politics is what this means for high speed rail. The system has a fixed and dwindling amount of federal …

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California Extends its Cap-and-Trade Program Through 2030

It wasn’t pretty, but it passed

What tools will California regulators be able to use to reach the state’s ambitious 2030 climate emissions goal?  That commitment, enshrined into law last year, says that California will reduce its statewide greenhouse gas emissions by 40% in the ten years between 2020 and 2030, and forms the core of California’s climate leadership. But important …

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Thoughts on AB 398

New bill to extend state’s cap-and-trade program is a compromise worth making

The Governor and state legislative leaders announced a deal on a bill to extend the state’s cap-and-trade program to control greenhouse gas emissions through 2030, along with companion legislation to increase emissions reductions for conventional pollutants from major stationary industrial sources (a key point for environmental justice groups).  Some leading business groups have endorsed the …

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New Research Shows California’s Cap-And-Trade Program Is Net Economic Benefit For San Joaquin Valley & Inland Empire

Results from forthcoming economic study included in new op-ed

The California Legislature may vote on reauthorizing California’s cap-and-trade program as soon as Monday. The program needs a two-thirds vote to inoculate the auction mechanism to distribute allowances from legal challenges, which is a heavy political lift that has required a lot of compromise and concession. But in the midst of the debate, state legislators …

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Climate Policy Canadian-Style

Canada is setting a great example to its southern neighbor.

Despite our geographic proximity and close economic ties, Canada doesn’t get a lot of press attention in the U.S. But unknown to many, Canada has been taking aggressive steps forward in climate policy. Prime Minister Justin Trudeau rejected Trump’s decision in no uncertain terms: We are deeply disappointed that the United States federal government has …

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Beyond Cap-and-Trade and Carbon Taxes

The idea of putting a price on carbon has popped up in unexpected ways.

Conventionally, carbon pricing takes place when the government either creates a cap-and-trade scheme or a carbon tax.  But we’ve begun to see carbon prices popping up in other interesting ways.  The idea of putting a price on carbon seems to have influence well outside of the classic tax-or-trade models. For instance, carbon pricing has moved beyond …

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Guest Blogger Alex Jackson: The Way Forward on Cap-and-Trade

Incorporate Elements of SB 775 and AB 378 to Build on a Proven Program

California is in the process of defining the next chapter of its world-renowned climate leadership. Having pioneered a set of policies over the past decade that have put the state on course to meet its greenhouse gas emissions limit in 2020, lawmakers now face the question of what role the state’s cap-and-trade program should play …

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Guest Bloggers Michael Wara and Danny Cullenward: Understanding SB 775: A Realistic Path to Achieving California’s Climate Goals

SB 775 Provides a Strong Carbon Pricing Policy and Addresses Legal and Political Constraints

Two recent Legal Planet contributors have shared concerns about SB 775 over the last several days (Ann Carlson’s piece is here and Dallas Burtraw’s is here). We write here to provide context—economic, legal, and political—to help readers, and perhaps even these respected authors, better understand why the bill proposes to extend and evolve California’s approach …

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Guest Bloggers Amy Vanderwarker and Kay Cuajunco: Equity at the Center: SB 775 and AB 378 Create New Path Towards More Equitable, Effective Climate Policy

By Prioritizing Equity, We Fight Climate Change, Improve Local Air Quality and Public Health, and Deliver Economic Benefits

California is at a crossroads in our strategy to fight climate change. With the current form of cap and trade due to end in 2020, our state is deciding to what extent carbon pricing will play a role in meeting the 2030 targets enacted in 2016, and if so, what the program will look like. …

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Guest Blogger Dallas Burtraw: Three Revisions Not to Overlook in California’s New Cap-and-Trade Proposal, SB 775

The Proposal Would Eliminate Allowance Banking and Offsets, and Add a Border Adjustment Mechanism

The California cap-and trade-program is already the most rigorous and best-designed allowance market in the world. Its purpose is to reduce greenhouse gas emissions that contribute to climate change. But now the program requires adjustments for political and legal reasons. These adjustments will be a vitally important legislative decision – for the state and the …

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