CARBON

The California Cap and Trade Program is designed to achieve cost-effective emissions reductions across the capped sectors. The Program sets maximum, statewide greenhouse gas (GHG) emissions for all covered sectors each year (the "cap"), and allows covered entities to sell off allowances An allowance is a tradable permit that allows the emission of one metric ton of CO 2 e. (permits) that they do not need (the "trade"). The California carbon price is driven by allowance trading... Electrical Distribution Utilities - All utility allowances are allocated freely to protect ratepayers from rate shocks. Utilities must use the value associated with the allowances to benefit ratepayers. Investor-owned utilities are required to return a portion of the value to consumers via a Climate Credit on their utility bill (see CPI's blog for details)... California Carbon Dashboard Provides the Latest News and Information on the California Carbon Price, Cap and Trade, Emissions Policy, and AB32