We analyze proposed designs for a cap-and-trade program to reduce greenhouse gas emissions in California. In contrast to proposals at the federal level, the California approach would disburse allowances primarily via auctions and would allow very few offsets. California's ability to reach its overall reduction target by 2020 depends largely on the state's transportation policies, which could yield reductions in excess of 200 million tons CO2e cumulatively by 2020.
Buy/Free trial
This policy update provides an overview of the Kerry-Boxer bill, summarizing its key provisions including scope of coverage, offsets and allowance allocation.
This short report takes a closer look at the free allocation to coal merchant generators in the Waxman-Markey bill. We estimate the amount and value of allowances going to the coal industry, and investigate whether the provision could actually lead to windfall profits.
This report provides an overview of the competitiveness provisions in the Waxman-Markey bill. We identify industrial sectors most likely to qualify for rebates and estimate the dollar amount of the subsidies by sector. We also analyze the political implications of these provisions in the context of the ongoing international climate negotiations.
This policy update analyzes two Congressional proposals for renewable electricity standards, assessing their greenhouse gas emission reduction potential. We project how much these measures could contribute to reaching carbon caps required by a cap-and-trade program.
This issue of Carbon Policy Update provides a summary of the most important topics negotiated at COP/MOP in Poznan 1-12 December and an analysis of the way forward towards Copenhagen.
This Carbon Policy Update analyzes the implications of an Obama presidency and the new Congress for future US carbon markets.
This Carbon Policy Update looks at potential supply of and demand for carbon offset credits in the Western Climate Initiative (WCI), assessing how these may affect other carbon markets.
This issue of Carbon Policy Update discusses the latest official recommendations for the structure of a carbon trading regime among seven US states and four Canadian provinces, set to begin in 2012.
This first issue of Carbon Policy Update North America analyzes major changes in the new Lieberman-Warner climate change proposal. We consider the carbon market implications of new provisions for allowance allocation, cost-containment and offset use.
