cap-and-trade

California Doubles Down on Its Commitment to Reduce State Greenhouse Gas Emissions

California Air Resources Board Adopts New, Landmark Climate Change Scoping Plan

California’s Air Resources Board (CARB) has adopted a new 2017 Climate Change Scoping Plan, which is designed to extend and expand upon the state’s longstanding commitment to reduce California’s aggregate greenhouse gas (GHG) emissions.  This is a landmark achievement, one that moves California further down the road to a sustainable environment and economy. A bit …

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New Study: California Climate Policies Bringing Over $9 Billion And 41,000 Jobs To Southern California’s Inland Empire

Report commissioned by Next 10 and written by Berkeley Law’s CLEE and UC Berkeley’s labor center

With the legislature just passing a landmark extension of cap-and-trade through 2030 by a supermajority vote, attention now turns to implementing the state’s major climate programs to achieve the ambitious climate goals for that year and beyond. Critics frequently argue that efforts to fight climate change hurt the economy and cost jobs.  Yet as I …

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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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