Renewable electricity’s levelized cost of energy became the cheapest source of new U.S. power generation in 2017, and building new wind is often cheaper than running existing coal. As renewable energy costs continue their relentless decline, fossil fuels continue to fall further from profitability.
Analysis of oversupply in California’s carbon market must include the state’s 2030 emissions reduction goals and the potential for clean energy breakthroughs to decarbonize energy supplies.
California’s fourth quarterly cap-and-trade auction sold a record number of allowances at record prices, but short-term success risks long-term goals.
3rd quarterly California carbon market auction of 2017 to completely sell out of allowances at highest price in four years, but additional allowance sales threaten state’s ambitious 2030 emissions reduction goal.
California’s state legislature today reached a two-thirds supermajority to extend the state’s cap-and-trade program to 2030. This statement forecasts what impact this vote will have on the state’s carbon market, and can be attributed to Energy Innovation Director of Research Chris…
California’s Governor Jerry Brown, Assembly Speaker Anthony Rendon, and Senate President Pro Tempore Kevin de León have reached agreement on legislation to extend the state’s cap-and-trade program to 2030. This statement forecasts what impact this achievement will have on the…
Permit demand surged at California’s carbon allowance auction this month, in line with our prediction: 100 percent of current vintage allowances sold at the auction floor price of $13.80. The sale will raise upwards of $450 million dollars for the state’s Greenhouse Gas Reduction Fund. Today’s results underline the California carbon market’s core strength – fundamentally strong policy design.