Archive for the ‘Cap & Trade’ category

Teresa Parejo Associate Professor of Law (Carlos III University) Visiting Scholar at the Center for Climate Change Law The EU ETS (European Union Emissions Trading System), the most important EU tool to fight against climate change, is now facing two challenges of great significance: 1. In October 2013, the International Civil Aviation Organization (ICAO) Assembly agreed […]

by Shelley Welton, Deputy Director & Fellow In what can only be interpreted as a major victory for California, the Ninth Circuit ruled on Wednesday, September 19 in Rocky Mountain Farmers Union v. Corey that the state’s Low Carbon Fuel Standard (LCFS) was neither discriminatory nor extraterritorial under the dormant Commerce Clause, reversing the district […]

On August 21, CCCL released a new white paper that evaluates the legal workability and constitutionality of regulating imports into the Regional Greenhouse Gas Initiative, or “RGGI” (for background on RGGI, the Northeastern states’ cap-and-trade program for carbon dioxide, see prior posts). RGGI is currently in an exciting period of reform.  In February 2013, participating […]

By Yan Gu, Summer Intern The European Parliament recently voted through a temporary plan to delay the auction of hundreds of millions of EU emission allowances (EUAs) for several years, in order to avoid flooding the market with new allowances while prices are near historic lows.  This decision allows what is known as the “back-loading” […]

The Regional Greenhouse Gas Initiative (RGGI) has benefited the economy of participating states but achieved only modest reductions in greenhouse gas reductions, according to a panel of energy experts convened at Columbia Law School last night.  To achieve greater reductions, RGGI should adopt a stricter carbon cap at its three-year program review. “By just about […]

By Irene Shulman, Intern On Tuesday, New York State Supreme Court Justice Thomas J. McNamara in Albany County dismissed a lawsuit filed in June 2011 by three members of Americans For Prosperity, a conservative advocacy group, that challenged New York’s participation in the Regional Greenhouse Gas Initiative (RGGI) cap and trade program. The suit, Thrun […]

by Shelley Welton, Deputy Director & Fellow As I blogged about last October, the Northeast’s Regional Greenhouse Gas Initiative (RGGI) is currently undergoing its 2012 program review. This review will look at many aspects of the program’s design and functioning, with the aim of determining whether major reforms are necessary after several years of learning […]

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