I'm cautiously optimistic that at least some companies will set a high bar and demand better outcomes than we see in the public sector.
(Other firms are looking to greenwash instead, as are some governments that fail to follow through on bold climate announcements.)
The problem is that the constituency for quality in climate policy is weak, so both public and private leaders can satisfy public demands with hollow pledges.
Showing how to overcome the quality problem in one sector will not only create a constituency, but also a model for the other sector to follow.
That's why building a serious coalition for climate quality in the private sector will help, not hurt, the public policy discussion.
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Oh hey look it's another senior policymaker from the California Air Resources Board who jumped careers to work for a lobbying firm with oil industry clients.
Richard Corey was CARB's executive officer from 2013-2022. He was responsible for implementing the 2017 oil-industry-drafted cap-and-trade bill, AB 398. He's now the partner in charge of AJW's Carbon Markets practice. ajw-inc.com/carbon-markets/
During Corey's leadership oil won big on cap-and-trade, rolling back state and local regulations on the oil industry combined with a side deal to keep the state program swimming in bad offsets and surplus allowances, as @lisalsong wrote in Propublica. propublica.org/article/cap-an…
Governor Newsom is generating headlines for announcing an end to oil production in California, but as far as I can tell today's news only sets up a process rather than achieves any concrete outcomes.
First, the Governor has asked the director of CalGEM, which regulates oil production and issues drilling permits, to begin a regulatory process to ban new fracking permits by 2024.
2/ The book pulls together big ideas in a short, accessible package. David and I look at the global experience with carbon pricing — particularly carbon markets — and ask what’s gone wrong. We set out to explain why carbon pricing hasn’t been working, then offer solutions.
Thanks to @jtemple for including me in his story on the big news from Governor Newsom's new executive order, which sets a goal of 100% zero emission new car and truck sales by 2035.
I'll do a deeper dive on the legal situation below.
Opt-outs looked legally unnecessary in FERC orders after the SCOTUS opinion in FERC v. EPSA, and now with today's DC Cir decision in NARUC v. FERC there's a path open for FERC to close opt-outs in future rules concerning ISO/RTO access.
For FERC rules addressing something broader than ISO/RTO market access, however, there's not a lot to point to in today's decision. I expect to see a lot of debate over the implications in the months ahead.
In plain English:
Some states block demand response (DR) and distributed energy resources (DERs) from participating in FERC's wholesale electricity markets. But today's decision suggests FERC can require open access to its wholesale markets without any state-level opt-outs.
Thanks to my fellow IEMAC members, Chair @DallasBurtraw, Vice Chair Ann Carlson, Meredith Fowlie, Ross Brown, and our newest member, @TheKropke, for a great conversation. (Welcome, Jennifer!) 2/18
One of my priorities for this year is to better engage the public in the Committee's work advising on California's cap-and-trade program and other state climate policies. 3/18