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.
California's Cap-and-Trade Program Generates Severely Reduced Revenue
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1. CA GGRF CaseStudy
California Cap and Trade Explained
Climate change policy of California - Wikipedia
ABS Offshore Sustainability Insights Industry and Market Trends by American Bureau of Shipping (ABS) - Issuu
Harnessing the opportunities and understanding the limits of state level climate action plans in the United States - ScienceDirect
ABS Offshore Sustainability Insights Industry and Market Trends by American Bureau of Shipping (ABS) - Issuu