Economic and Allocation Advisory Committee
Allocating Emissions Allowances Under a California Cap-and-Trade Program
Recommendations to the California Air Resources Board and California Environmental Protection Agency from the Economic and Allocation Advisory Committee (Final EAAC Report).
Posted March 23, 2010. (PDF file, 87 pages, 1.8 megabytes)
REVISED EAAC Economic Impacts Subcommittee Report on Air Resources Board's Updated AB 32 Scoping Plan Analysis.
Posted: March 25, 2010, updated April 19, 2010. (PDF File, 20 pages, 248 kb)
This report is the Committee's review of ARB's updated economic analysis of the implementation of the AB 32 Scoping Plan.
Original EAAC Economic Impacts Subcommittee Report on Air Resources Board's Updated AB 32 Scoping Plan Analysis.
Posted: March 25, 2010. (PDF File, 11 pages, 104 kb)
On May 22, 2009, Secretary of Environmental Protection Linda Adams and Air Resources Board Chairman Mary Nichols appointed a 16-member Economic and Allocation Advisory Committee (EAAC) to advise on the implementation of the state's landmark Global Warming Solutions Act of 2006 (AB 32) and associated cap-and-trade program that will reduce California greenhouse gas emissions to 1990 levels by 2020.
The EAAC comprises economic, financial, and policy experts with various backgrounds and experiences. (See list of Sub-Commitee Members - PDF file) It provided advice on allocation of allowances and use of their value. It evaluated the implications of different allowance allocation strategies such as free allocation, auction or a combination of both. The committee members also will help advise the ARB on its revised economic analysis.
In December 2008, the Air Resources Board adopted the AB 32 Scoping Plan, which serves as California's blueprint for reducing greenhouse gas emissions. The Plan called for essential complementary measures along with the creation of a cap-and-trade program. The proposed cap-and-trade program would cover 85 percent of California's largest emission sources including electricity generation, large industrial sources, transportation fuels, and residential and commercial use of natural gas.
On January 11, 2010, the EAAC presented final allocation recommendations to the state. Chair Goulder and will present both the EAAC's allocation report and economic analysis review to the Air Resources Board March 25,2010. ARB staff will propose an allocation approach, with consideration of the EAAC recommendations and extensive public process, to the board in the fall of 2010 with the cap-and-trade regulation.
Letter from Governor Schwarzenegger to ARB Chairwoman Mary Nichols and Air Resource Board members,
March 24, 2010. (PDF file, 3 pages, 948 kb)
Gov. Schwarzenegger Letter to AB 32 Economic and Allocation Advisory Committee,
May 22, 2009 (News Release)
- January 11, 2010 EAAC Meeting - Notice and Materials
- January 8, 2010 EAAC Meeting - Notice and Materials
- December 15, 2009 EAAC Meeting - Notice and Materials
- December 11, 2009 Stakeholder Meeting - Notice and Materials
- November 18, 2009 Stakeholder Meeting - Notice and Materials
- November 4, 2009 Stakeholder Meeting - Notice and Materials
- October 7, 2009 Stakeholder Meeting - Notice and Materials
- August 13, 2009 - Stakeholder Meeting - Notice and Materials
- July 1, 2009 - Stakeholder Meeting - Notice and Materials
EAAC Drafts and Supporting Documents
- State Agency and Committee Reports and Documents
- EAAC Reports
- Materials Provided by EAAC Members (PDF files)
- External Reports
March 2010 - Example of one of hundreds of "Citizen Letters" sent to the ARB, supporting cap and trade and urging strengthening of the provisions. (PDF file)
Comments on the questions posed at the first EAAC meeting or on any topic relevant to the Committee will be accepted at any time. Please send them to email@example.com
- Comments Submitted (PDF files)
Advisory Committee Members
- EAAC Subcommittee Membership (PDF file)
- EAAC Members' Biographies, updated 12/3/09. (PDF file, 5 pages, 427 kb)
|Larry Goulder||Stanford University|
|Justin Adams||Chang & Adams Consulting|
|Vicki Arroyo||Georgetown State and Federal Resource Center|
|Matthew Barger||Hellman and Friedman LLC|
|James K. Boyce||University of Massachusetts, Amherst|
|Dallas Burtraw||Resources for the Future|
|James Bushnell||Iowa State University|
|Robert Fisher||Gap, Inc.|
|Richard Frank||California Center for Environmental Law & Policy|
|Dan Kammen||University of California, Berkeley|
|Christopher R. Knittel||University of California, Davis|
|Stephen Levy||Center for the Continuing Study of the California Economy|
|Joe Nation||Stanford University|
|Nancy E. Ryan||California Public Utilities Commission|
|Nancy Sidhu||Los Angeles County Economic Development Corporation|
|James L. Sweeney||Stanford University|