cap-and-trade
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 …
CONTINUE READINGClimate 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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CONTINUE READINGBeyond 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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CONTINUE READINGGuest 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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CONTINUE READINGGuest 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 …
CONTINUE READINGGuest 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. …
CONTINUE READINGGuest 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 …
CONTINUE READING“California Alone” Should Not Govern State Climate Policy
SB 775 Turns California Inward and Diminishes Its Role As Global Leader
Last week, Senator Bob Wieckowski (D-Fremont) introduced a new bill, SB 775, that would replace California’s cap-and-trade system with a new approach to regulating California’s greenhouse gas emissions beginning in 2021. There is much to admire in the new bill, including an aggressive pricing approach that would ensure that California’s carbon price remains high. The …
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CONTINUE READINGThe Future of California’s Greenhouse Gas Cap and Trade Program After 2020: A Conversation
Posts on Legal Planet Over the Coming Week, Linked Here, Will Address Pending California Legislation on Cap and Trade from Multiple Perspectives
This post is the preface to a series of posts by multiple authors (including guests) over the coming week (starting May 9) about the future of the state’s cap and trade program for greenhouse gases. Two bills, AB 378 and SB 775, are being debated by the environmental and environmental justice communities, and our bloggers …
CONTINUE READINGCourt of Appeal Confirms California Cap-and-Trade is Not a Tax
It’s voluntary and it provides valuable commodities to purchasers
With the feds backsliding (or worse) on climate regulation, the efforts of California and other states to tackle climate change are especially prominent and critical. So it’s a welcome time for today’s good news for California climate regulators: The state court of appeal has rejected industry’s challenge to California’s cap-and-trade program. That program is one …
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