This page last reviewed July 7, 2014

Emissions Market Assessment Committee

Background

ARB entered into an agreement with the University of California Energy Institute to obtain expert analysis and advice on the Cap-and-Trade market design, operation, and monitoring.  The agreement ran through December 2013.

The Emissions Market Assessment Committee (EMAC) held public meetings at ARB headquarters in Sacramento to give stakeholders an opportunity to identify market issues of concern.  Stakeholders were invited to bring market issues to the attention of EMAC through e-mail, and EMAC reviewed stakeholder concerns and prioritized them for economic analysis.  EMAC responded to the issues through presentations at public EMAC meetings, written analyses, or through consultations with and advice for ARB staff.  The form of communication depended on whether the issues could be addressed publicly, since the analyses involved confidential market information.   EMAC also conducted meetings with ARB staff on market issues that involved confidential market information.  These meetings were closed to the public.

As part of its work, EMAC discussed options for the release of Cap-and-Trade market data with stakeholders at its last public meeting on November 4, 2013. EMAC has concluded its work and finalized an issue paper entitled “Information Release on Allowance Holdings in the Greenhouse Gas Emissions Cap-and-Trade Market,” which may be accessed below.

Information Release on Allowance Holdings in the Greenhouse Gas Emissions Cap-and-Trade Market Feb 2014
 

EMAC Members

  • Severin Borenstein
University of California, Berkeley
University of California Energy Institute; and
Haas School of Business
Severin Borenstein's Biography

  • James Bushnell
University of California, Davis

  • Frank Wolak
Stanford University



Next Scheduled Meeting:

TBA


Archived Meetings:

DATE:  November 14, 2013

TIME:   10:00 am to 4:00 pm

LOCATION:

Cal/EPA Headquarters Building
Coastal Hearing Room
1001 I Street,
Sacramento, California 95812

   

Meeting Materials:



DATE:  September 24, 2012

TIME:   10:00 am to 4:00 pm

LOCATION:

Cal/EPA Headquarters Building
Byron Sher Auditorium
1001 I Street,
Sacramento, California 95812

   

Meeting Materials:


Additional Links

Market Simulation Group


For questions or comments, please contact Ray Olsson at (916) 322-7615

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