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Allowance Allocation and Offset Supply in California’s Cap-and Trade Program
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December 3, 2013
12:30 – 2:00 EST / 9:30 – 11:00 PST / 17:30-19:00 GMT
Winrock’s American Carbon Registry (ACR) welcomes headline speakers Dallas Burtraw of Resources for the Future and Steven Cliff of the California Air Resources Board (invited), who will join Belinda Morris of ACR to present and discuss key issues regarding allowance allocation and offset supply in California’s cap-and-trade program.
California’s cap and trade program will begin in earnest this November with the first auction of carbon allowances to regulated entities. Both allowances and offsets are important cost-containment mechanisms, enabling the most cost-effective greenhouse gas (GHG) reductions to be achieved first and thus reducing the overall cost of the compliance program.
Regulated entities, market participants and other interested stakeholders have many issues to consider such as: How will the California Air Resources Board balance the allocation of free allowances to reduce the potential for leakage versus auctioning allowances? How will these decisions impact the price of carbon and the overall cost of the cap-and-trade program? How can carbon offsets provide price relief for regulated entities? And how will overall demand for offsets be impacted by how carbon allowances are allocated?
The webinar will include presentations from recognized experts discussing these questions and more, along with a presentation by ACR of a recently completed offset supply forecast for the cap-and-trade program, highlighting potential supply issues ahead.