Removing excess cap-and-trade allowances will reduce greenhouse gas emissions

Two prominent economists, Severin Borenstein and Jim Bushnell, have argued that proposals to eliminate oversupply in California’s cap-and-trade market would not have much effect—a conclusion we critique in this research note.



Linking, banking, and offsets

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

credit for header photo: Krystle Mikaere