Submission Number: 755
Submission ID: 10811
Submission UUID: 7fa1b182-2104-4d75-9ca8-5d1db430a34d

Created: Wed, 05/08/2024 - 19:57
Completed: Wed, 05/08/2024 - 19:58
Changed: Thu, 05/09/2024 - 07:27

Remote IP address: 24.7.112.198
Submitted by: Anonymous
Language: English

Is draft: No

Flagged: Yes
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Submitted Comment
Kenneth Johnson
Climate Reality Project: Silicon Valley Chapter
CRP-SV Comments on the April 23, 2024 Cap-and-Trade Workshop, EJAC presentation

We appreciate the opportunity to offer our perspectives on the April 23, 2024 Cap-and-Trade Workshop: Potential Amendments to the Cap-and-Trade Regulation. Our comments pertain primarily to the presentation by Kevin Hamilton, representing the Environmental Justice Advisory Committee, and they also touch on issues raised by Dr. Catherine Garoupa in recent Senate hearings. The key points of our comments are:

- Free allowance allocation (in the context of either cap-and-trade or a carbon tax) can be used to channel industry resources toward decarbonization, and to give consumers an equity stake in a decarbonized energy economy.

- In evaluating post-2030 GHG policy options, the EJAC should not accept the political status quo without any serious or meaningful consideration of the relative policy merits of cap-and-trade and carbon taxes.

- Carbon offsets amount to a “kick-the-can-down-the-road” policy of procrastination.

- California's climate policies should seek to maximize a "benefit-cost score" that accounts for both climate and health benefits (GHGs and criteria pollutants).

- CARB is oblivious to the “waterbed effect” whereby cap-and-trade undermines and discourages independent climate actions in support of the state’s climate goals by nullifying the environmental benefits of such actions.

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