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with the goal of cutting greenhouse gas emissions to near zero
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We present a method for tracking the private bank of compliance instruments, showing the extent to which allowance overallocation is manifesting
Danny Cullenward, Michael Mastrandrea, and Mason Inman of Near Zero, together with Geeta Persad of Union of Concerned Scientists, commented on the Aliso Canyon Mitigation Agreement regarding the 2015-2016 Aliso Canyon natural gas leak.
Ontario’s exit exacerbates allowance overallocation in the Western Climate Initiative cap-and-trade program
New data show that the net result of Ontario’s brief participation in California and Québec’s cap-and-trade program was to inflate the program’s supply by 13.2 million allowances, adding to concerns about allowance overallocation.
Danny Cullenward and Shelley Welton published a paper forthcoming in the Yale Journal on Regulation Bulletin (Sept. 2018) discussing recent actions by FERC and implications for state energy and climate policies. A digital preprint is now available.
Managing the excess supply of allowances in California’s cap-and-trade program is arguably the most important question affecting the design of ARB’s post-2020 market
California’s “self-correcting” cap-and-trade auction mechanism does not eliminate market overallocation
ARB staff have suggested that California’s “self-correcting” cap-and-trade auction mechanism will address overallocation. Our calculations show this “self-correction” mechanism will eliminate only a fraction of the overallocation expected by 2020.
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“California advances an ambitious climate policy that should be a model for the world,” MIT Technology Review
Covering the passage of SB 100, a California bill requiring 100% of the state’s electricity to come from zero-carbon sources by 2045, MIT Technology Review spoke with Near Zero’s Danny Cullenward.
“The number of allowances offered for sale at auction right now is significantly higher than covered emissions are going to be. When people buy all of the allowances, oversupply is growing because we’re offering more allowances than people need in the short term.” Covering California’s cap-and-trade market, E&E News spoke with Near Zero’s Danny Cullenward.
Covering the Trump administration’s proposal to freeze vehicle fuel efficiency standards, E&E News spoke with Near Zero’s Danny Cullenward.
Covering grid regionalization in the West, Vox’s David Roberts spoke with Near Zero’s Danny Cullenward.
“California’s plan to integrate the West Coast grid is a great idea – that could easily backfire,” MIT Technology Review
“The Federal Energy Regulatory Commission, which oversees grid operators, is working to ‘actively distort energy markets to punish states taking steps to prioritize clean energy.'” Covering grid regionalization in the West, MIT Technology Review spoke with Near Zero’s Danny Cullenward.
“Serious financial markets care about what happens when things don’t go as planned.” Covering California’s cap-and-trade program and Ontario’s impending exit from the market, CALmatters spoke with Near Zero’s Danny Cullenward.
“China is creating a huge carbon market—but not a particularly aggressive one,” MIT Technology Review
Covering carbon pricing in China and around the world, MIT Technology Review referenced Near Zero’s work on California emission trends in sectors covered by the cap-and-trade system.
Covering carbon pricing efforts around the world, Jeffrey Ball, writing in Foreign Affairs, referenced Near Zero’s work on California emission trends in sectors covered by the cap-and-trade system.
Near Zero’s Danny Cullenward, writing with University of South Carolina’s Shelly Welton, authored an op-ed in Utility Dive on recent actions by FERC and implications for state energy and climate policies.
In discussions of California climate bill SB 775, one of the issues that has drawn the most criticism—and frankly, the most inaccurate criticism—regards linking the state’s cap-and-trade market with similar markets in other jurisdictions
Near Zero’s Danny Cullenward testified before the California Senate, commenting on ways of extending the state’s carbon pricing policy
California enacted one of the world’s most ambitious greenhouse gas reduction targets—achieving this goal will be a tremendous challenge