Key Issues Facing California’s GHG Cap-and-Trade System for 2021-2030

Robert Stavins and Todd Schatzki

No 18-31, RFF Working Paper Series from Resources for the Future

Abstract: 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.

Date: 2018-07-31
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.rff.org/documents/2109/CA_GHG_Cap-and- ... ovisions_generic.pdf (application/pdf)

Related works:
Working Paper: Key Issues Facing California's GHG Cap-and-Trade System for 2021-2030 (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rff:dpaper:dp-18-31

Access Statistics for this paper

More papers in RFF Working Paper Series from Resources for the Future Contact information at EDIRC.
Bibliographic data for series maintained by Resources for the Future ().