Comments to the California Air Resources Board on Implementing Facility-Specific Caps in the California Cap-and-Trade Program
This comment addressed to the California Air Resources Board examines the potential impacts of facility-specific emissions caps on California’s cap-and-trade program.
Incentive-based approaches to addressing air pollution, such as cap-and-trade, enable flexible compliance that can reduce costs compared with prescriptive regulations. Flexibility implies that emissions reductions happen where abatement costs are lowest, but that may not be where emissions reductions are needed to mitigate preexisting inequities in pollution exposure. This paper examines the California carbon market and finds that emissions from stationary sources in disadvantaged communities have fallen overall as quickly and often more quickly than the state average, but with notable outliers often in densely populated areas. This paper considers additional requirements on individual facilities to ensure an equitable rate of progress and finds they would likely have little effect on the allowance market.
Darius Gaskins Senior Fellow
Dallas Burtraw is the Darius Gaskins Senior Fellow at RFF. Burtraw’s research includes analysis of the distributional and regional consequences of climate policy and the evolution of electricity markets, including renewables integration.
Report — Dec 6, 2023
Comparing the European Union Carbon Border Adjustment Mechanism, the Clean Competition Act, and the Foreign Pollution Fee Act
This report compares goals and designs of three border adjustment mechanisms: the European Union's Carbon Border Adjustment Mechanism, the Clean Competition Act, and the Foreign Pollution Fee Act.
In Focus — Nov 30, 2023
In Focus: Carbon Markets and Carbon Dioxide Removal
This video shares insights about the risks of integrating carbon dioxide removal into carbon markets, with Massimo Tavoni, director of the RFF-CMCC European Institute on Economics and the Environment.
In Focus — Nov 28, 2023
In Focus: Native Nations and the Energy Transition
This video shares a brief overview of the economic dependence of some Native nations on fossil fuel production and the challenges of a transition to a clean energy system in the United States for these nations.