States will have tremendous flexibility in how they implement the new federal Clean Power Plan, and some are considering market-based approaches.
Some states already have considerable experience, such as the cap-and-trade program in California and the nine-state Regional Greenhouse Gas Initiative, which has helped reduce carbon emissions in the Northeast by 40 percent since 2005 and generated funds to invest in energy efficiency and renewable energy.
At a 2015 C2ES event, there was strong interest in exploring an approach in which states adopt common core elements – such as definitions and measurement and verification processes – so companies could be in a position to trade within and across borders.
C2ES will explore the options and obstacles to using market-based approaches to implement the Clean Power Plan.
- Fact Sheet: City-level Climate Leadership in Boulder: The Climate Action Plan Tax
- Fact Sheet: Policy Considerations for Emerging Carbon Programs
- Fact Sheet: Secondary Carbon Markets
- Key Insights: Business, State and City Collaboration on Interstate Trading under the Clean Power Plan
- Fact Sheet: Tracking Systems in the Clean Power Plan
- Fact Sheet: Market Oversight under the Clean Power Plan
- Fact Sheet: Energy Efficiency under the Clean Power Plan
- Fact Sheet: Distribution of Allowances under the Clean Power Plan
- Fact Sheet: Rate-Based Compliance under the Clean Power Plan
- C2ES comments on Carbon Pollution Emission Guidelines for Existing Stationary Sources: Electric Utility Generating Units; Proposed Rule
- C2ES comments on the Clean Power Plan's Clean Energy Incentive Program
- Fact Sheet: Key Insights From Stakeholders on the Clean Energy Incentive Program
- Fact Sheet: Details of the Clean Energy Incentive Program
- Fact Sheet: The Clean Power Plan and Market Options for Compliance
- Case Study: Philadelphia's Benchmarking and Energy Use Program
- Clean Power Plan Timeline and Clean Power Plan Q&A
- Key Insights: Market Readiness for Businesses, States and Cities under the Clean Power Plan
- Key Insights from a Solutions Forum on Carbon Pricing and Clean Power
- Brief: Market Mechanisms: Understanding the Options
- Blog post: States should explore carbon pricing to encourage clean power
- Blog post: States can learn from each other on carbon pricing
- Video: C2ES President Bob Perciasepe and Colorado Environment Director Martha Rudolph on E&E TV