California’s Greenhouse Gas (GHG) cap-and-trade program is a key element of the suite of policies the State has adopted to achieve its climate policy goals. The passage of AB 398 (California Global Warming Solutions Act of 2006: market-based compliance mechanisms) extended the use of the cap-and-trade program for the 2021-2030 period, while also specifying modifications of the program’s “cost containment” structure and directing CARB to “[e]valuate and address concerns related to overallocation in [ARB’s] determination of the allowances available for years 2021 to 2030.” The changes being considered by CARB will not only affect the program’s stringency, but also its performance by affecting the ability of the “cost containment” structure to mitigate allowance price volatility and the risk of suddenly escalating allowance prices.
Key Issues Facing California’s GHG Cap-and-Trade System for 2021-2030
This white paper addresses key design issues that were identified by the legislature in AB 398 and have been identified by CARB in its “Preliminary Concepts” white paper.
Working Paper by Todd Schatzki and Robert Stavins — July 31, 2018Download
Technology-Inclusive Climate Strategy: An Open Race with Many Winners
Making the case for welcoming a range of potential solutions to tackle the global climate challenge while meeting the world’s energy and economic needs.
Environmental Repercussions of Rideshares
New research from an RFF scholar investigates how ridesharing affects different cities, offering insights for policymakers who have concerns about environmental impacts.
Press Release — Feb 4, 2020
New Episode of Resources Radio: "Extra! Extra! Listen All About It: A Conversation with Energy and Climate Journalist Amy Harder"
With accurate coverage of climate change more important than ever, Axios reporter Amy Harder elaborates on the crucial role of unbiased journalism.