News & Analysis as of

Outstanding Design Flaws in California’s Cap-and-Trade Program

On January 1, 2013, California embarked on a grand experiment with the launch of the world’s most complex cap-and-trade program. Under this program, companies operating in California, such as food processors, power producers...more

California Air Resources Board-Commissioned Report Recommends Ways to Avoid Price Volatility in California’s Cap and Trade Market

Concerned about the potential for price volatility in its cap and trade program, the California Air Resources Board (CARB) commissioned the Market Simulation Group (MSG) at the University of California Energy Institute to...more

Navigating Climate Regulation on Dual Tracks: Experts Discuss the Promises and Pitfalls of AB 32 and the Clean Air Act

The United States has no comprehensive climate legislation for regulating greenhouse gas (GHG) emissions. But in recent years, the Environmental Protection Agency (EPA) has acted under its existing Clean Air Act (CAA)...more

California Appeals Court: Air Resources Board Low Carbon Fuel Standards Regulations Violate CEQA

In Poet, LLC et al. v. California Air Resources Board et al., the Fifth Appellate District held the Air Resources Board (“ARB”) violated CEQA and the APA with its approval of the Low Carbon Fuel Standards (“LCFS”)...more

California GHG Auction: Some Anecdotal Evidence of the Cost of Regulatory Uncertainty?

The California Air Resources Board just released the results of its second auction of GHG allowances. While the auction for vintage 2013 allowances was still healthy, with all allowances sold at $13.62/allowance, the future...more

California Environmental Law and Policy Update - December 12, 2012

In This Issue: Environmental and Policy Focus - Looking ahead: Obama's second term environmental policy; Judge: San Diego transportation plan fails to consider California's climate policy, greenhouse gas emissions;...more

CARB Restates Its Cap-and-Trade Auction Results

Last week the California Air Resources Board (CARB) issued an update to its November 19, 2012 report summarizing the results of the State of California’s first auction of greenhouse gas emissions allowances. The results in...more

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