Cap-And-Trade Auction Update and GGRF Projections

Revenue from quarterly cap‑and‑trade auctions is deposited in the Greenhouse Gas Reduction Fund (GGRF), and the funds are allocated to various climate‑related programs. In this post, we (1) summarize the results from the recent November 2021 cap‑and‑trade auction, (2) estimate future GGRF revenue and the amount available for discretionary spending under three different scenarios, and (3) identify issues for legislative consideration as it begins its 2022‑23 budget deliberations.

New Report Details How Cap-and-Trade Proceeds Benefit California and the Bay Area

How Would Facility-Specific Emissions Caps Affect the California Carbon Market?

How Would Facility-Specific Emissions Caps Affect the California Carbon Market?

First Look: A Budget Center Analysis of the 2018-19 State Budget - California Budget and Policy Center

ABS Offshore Sustainability Insights Industry and Market Trends by American Bureau of Shipping (ABS) - Issuu

Report: Cap-and Trade Investments Support Affordable Housing, Fire Prevention, Public Transit - Streetsblog California

How Would Facility-Specific Emissions Caps Affect the California Carbon Market?

California Cap and Trade - Center for Climate and Energy SolutionsCenter for Climate and Energy Solutions

COMMENT: California's cap-and-trade program – the crisis that wasn't « Carbon Pulse

The Q2 2019 WCI auction: Higher prices, similar market dynamics

ABS Offshore Sustainability Insights Industry and Market Trends by American Bureau of Shipping (ABS) - Issuu