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Near Zero comments on the California Energy Commission’s proposal for greenhouse gas accounting by retail electricity suppliers in the Power Source Disclosure Program.
Near Zero comments on the serious risk that excess allowances in the cap-and-trade program will frustrate its ability to deliver the emission reductions called for in the 2017 Scoping Plan, a potential loophole in the proposed definition of “direct environmental benefits” for carbon offsets, and the need to work toward a science-based policy strategy.
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.
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Covering Oregon’s consideration of cap-and-trade legislation and relationship to California’s program, Rachel Becker of CALmatters spoke with Near Zero’s Danny Cullenward.
“Big polluters get help from the state, renewing doubts about California’s climate goals,” CALmatters
Covering updates to California’s cap-and-trade program and the potential for oversupply in the program to interfere with achieving California’s ambitious emission reductions goals, Julie Cart of CALmatters spoke with Near Zero’s Danny Cullenward.
Providing in-depth coverage of California’s climate policies and flagship cap-and-trade program, Dave Roberts of Vox spoke with Near Zero’s Danny Cullenward, and drew heavily on Near Zero’s work on cap-and-trade implementation in California.
“California Gov-elect Gavin Newsom faces pressure to cut $77 billion high-speed rail project after audit,” CNBC
Covering California’s high-speed rail project and future funding from the cap-and-trade program, Jeff Daniels of CNBC spoke with Near Zero’s Danny Cullenward
“There’s no question the state is taking bold action in several critical areas, but the idea that we’re on track for our current statewide goals and therefore ready to credibly increase ambition is misplaced.” Near Zero’s Danny Cullenward, speaking with The Intercept about California climate policy.
Covering climate policy and California’s carbon market, Debra Kahn of E&E News spoke with Near Zero’s Danny Cullenward, an author of the recent report of the state’s Independent Emissions Market Advisory Committee
“California is in the interesting situation of exploring the path to deep decarbonization.” Near Zero’s Danny Cullenward, speaking to The Christian Science Monitor about subnational climate policy action and California’s leading role.
“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.
Results from the May 2019 WCI auction are now available. Both current and advance auctions sold out in full, at prices slightly higher than in recent auctions. The current auction settled at its highest price ever, $17.45, noticeably higher than the...
In his capacity as the Senate appointee to the state’s Independent Emissions Market Advisory Committee, Near Zero’s Danny Cullenward testified before a California Senate Environmental Quality Committee hearing.
California’s Cap and Trade Program is expected to be a significant source of revenue in the coming years.