Update on the Implementation of AB 32: Cap and Trade in Focus

Mar 27, 2012 | Dallas Burtraw
California State Senate Select Committee on the Environment, the Economy, and Climate Change


My remarks this afternoon address the overall design of the cap-and-trade program including the specific issues of (1) cost management; and (2) why, when and how to auction emissions allowances. Finally, I discuss considerations for the most important issue of all: (3) dealing with auction revenue.