Comments on California's Cap-and-Trade Program

The Institute for Policy Integrity recommends that California's cap-and-trade program, extended by Assembly Bill 398, set its permit price ceiling at least as high as the social cost of carbon to properly incentivize emissions reductions. The organization also suggests that unsold allowances be preferentially allocated to the price containment reserve with the highest price to better account for the externalities of greenhouse gas emissions.

• The Institute for Policy Integrity recommends that the price ceiling for permits in California's cap-and-trade program be set at a level no lower than the social cost of carbon, arguing that a lower ceiling would not provide emitters with incentives that fully reflect the value of avoided carbon dioxide releases.
• To account for greenhouse gas externalities and promote societal well-being, the organization suggests that unsold allowances should be preferentially allocated to the price containment reserve that has the highest price.

APA

Institute for Policy Integrity (2017). Comments on California's Cap-and-Trade Program. https://policyintegrity.org/projects/update/comments-on-californias-cap-and-trade-program

Chicago

Institute for Policy Integrity. Comments on California's Cap-and-Trade Program. 2017. https://policyintegrity.org/projects/update/comments-on-californias-cap-and-trade-program.

Wikipedia

{{cite press release |author=Institute for Policy Integrity |title=Comments on California's Cap-and-Trade Program |date=8 November 2017 |url=https://policyintegrity.org/projects/update/comments-on-californias-cap-and-trade-program |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{instituteforpolicyintegrity2017comments, author = {{Institute for Policy Integrity}}, title = {{Comments on California's Cap-and-Trade Program}}, publisher = {Institute for Policy Integrity}, year = {2017}, month = nov, url = {https://policyintegrity.org/projects/update/comments-on-californias-cap-and-trade-program}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }