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.

h/t @debra_kahn in Politico. politico.com/newsletters/th… 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/

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.

A thread 👇
latimes.com/california/sto… Here's the Governor's announcement.

It specifies two concrete actions.

gov.ca.gov/2021/04/23/gov…

1/ Book announcement!

Making Climate Policy Work
(with David G. Victor)

🇪🇺🇬🇧EU/UK release Oct 2020, 🇺🇸US Dec 2020
@politybooks, discount code VBT99 politybooks.com/bookdetail/?is… 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.

https://twitter.com/jtemple/status/1308923338107088896

First thing to say is what an executive order (EO) is.

Generally, an EO can't create law. It can only direct policy outcomes that the law already allows.

EOs also set political goals around which laws more readily form. Most of California's major climate laws started as EOs.

I have begrudgingly come around to the same view as @drvox, at least in the U.S.

My biggest surprise? The *exact same* political games that undermine public policy implementation are happening in the private sector, too.

https://twitter.com/drvox/status/1290717118535671809

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.)

This is a key point.

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.

https://twitter.com/Smaczni/status/1281606580849512451

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.

Just finished a meeting of the Independent Emission Market Advisory Committee (IEMAC) @CaliforniaEPA. 1/18

calepa.ca.gov/climate/iemac-… 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

I've been on the fence about the climate divestment movement for several years, but this @newrepublic story about @Stanford from @BenFranta clarified the stakes for me. 1/20 newrepublic.com/article/158086… Over the years, many of my best students have been leaders in the divestment movement. I've focused, instead, on the design and implementation of government climate policies. But those two worlds are crashing together. 2/20

This is a great point, @MichaelWWara. I think we're mostly on the same page here.

https://twitter.com/MichaelWWara/status/1267578610069540864

Your main disagreement lies not with me but with @AirResources, which designated cap-and-trade as responsible for half of California's 2030 climate policy. There's no way this market is going to do that.

1. Check out my latest on California's cap-and-trade program:

https://twitter.com/Gary_C_Reed/status/1266452659269103618

2. At the quarterly auction last week, the state collected only $25M instead of the usual $600-800M. Why? lao.ca.gov/LAOEconTax/Art…