The Energy & Natural Resources Blog
By Lewis Roca Rothgerber Christie
As interest in the Western Energy Imbalance Market (“EIM”) grows, regulators at the California Air Resources Board (“CARB”) are facing concerns, once again, about carbon leakage from the state’s mandatory cap and trade program under AB 32. In the context of carbon markets, leakage describes the phenomenon in which a local (in this case, California) …
Continue reading “California’s Carbon Concern: Leakage from the Imbalance Market”
On June 30, the EPA issued its proposed rules for the design details of the Clean Energy Incentive Plan (CEIP), a component of the (now stayed) Clean Power Plan (CPP). Comments are due by August 29, 2016. Further information about the CEIP can be found on the EPA Clean Power Plan website and the National …
The Small Business-Friendly Task Force, created by Governor Susana Martinez shortly after taking office in New Mexico, issued a 13 page report late on Wednesday. The Governor plans to work with her administration and legislators to implement the recommendations in order to make New Mexico more “business friendly.” In the report, the Task Force recommends that …
Continue reading “New Mexico Task Force Recommends “Revising” Cap-and-Trade Rule”
California’s ground breaking CO2 cap-and-trade program may be in jeopardy, after a Superior Court in San Francisco County issued an injunction against the California Air Resources Board (CARB) prohibiting the agency from any further rule making under its “Climate Change Scoping Plan”. The challenge to CARB’s cap-and-trade proposal was brought by environmental justice advocates, who believe that …
Continue reading “Court Enjoins California’s Cap-and-Trade Program”
On the heels of New Mexico’s approval of cap-and-trade earlier this month, regulators in the Golden State decided late yesterday to adopt a cap-and-trade plan, creating the world’s second-largest carbon market after Europe’s. The California Air Resources Board (CARB) voted 9-1 to limit greenhouse gas emissions from large emitters, the keystone of the state’s goal to reduce …