The Leakage Problem in the Power Sector

In this episode, host Kristin Hayes talks with Dallas Burtraw, a senior fellow at Resources for the Future and chair of California’s Independent Emissions Market Advisory Committee (IEMAC), a body that was created by legislation to help the state of California examine and refine its cap-and-trade program for reducing greenhouse gas emissions. California’s climate policy success matters on a global stage: given the size of its economy and the sophistication of its policy designs, many other jurisdictions worldwide watch closely to see how things are faring in the Golden State. Burtraw takes a deep dive into California’s carbon market, with a particular focus on IEMAC’s recent report and its recommendations to the California Air Resources Board. References and recommendations: Independent Emissions Market Advisory Committee (IEMAC) in California; https://calepa.ca.gov/independent-emissions-market-advisory-committee/ “2021 Annual Report of the Independent Emissions Market Advisory Committee” by Dallas Burtraw, Danny Cullenward, Meredith Fowlie, Katelyn Roedner Sutter, and Ross Brown; https://calepa.ca.gov/wp-content/uploads/sites/6/2022/02/2021-IEMAC-Annual-Report.pdf “In the Struggle: Scholars and the Fight against Industrial Agribusiness in California” by Daniel J. O’Connell and Scott J. Peters; https://nyupress.org/9781613321225/in-the-struggle/