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Review of Environmental Economics and Policy Advance Access originally published online on February 7, 2008
Review of Environmental Economics and Policy 2008 2(1):114-129; doi:10.1093/reep/rem030
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© The Author 2008. Published by Oxford University Press on behalf of the Association of Environmental and Resource Economists. All rights reserved. For permissions, please email: journals.permissions@oxfordjournals.org

California's New Greenhouse Gas Laws

Michael Hanemann*

* Department of Agricultural and Resource Economics, University of California, Berkeley, USA; E-mail: hanemann@are.berkeley.edu

The first 150 words of the full text of this article appear below.


   Introduction and Overview
 
On August 31, 2006, the California Legislature passed AB 32, the California Global Warming Solutions Act; SB 1368, the Greenhouse Gas (GHG) Emissions Performance Standard; and SB 107, the Renewable Energy Act. AB 32 places a cap on all GHG emissions in California and requires that they be reduced to their 1990 levels by 2020. This is a reduction of 25– 30 percent from the emissions projected to occur otherwise. SB 1368 prohibits any retail seller of electricity in California from entering into a long-term financial commitment for baseload generation if the GHG emissions are higher than those from combined-cycle natural gas. This performance standard applies to electricity generated out-of-state as well as in-state, and to publicly owned as well as investor-owned electric utilities (IOUs). SB 107 advances from 2017 to 2010 the deadline for compliance with an earlier enacted requirement that 20 percent of the electricity sold by IOUs . . . [Full Text of this Article]


   Early Climate Change Policy in California3
 

   The Origins of the 2006 Legislation
 
The Implementation of AB 1493
The Governor's Climate Change Initiative
The California Public Utilities Commission

   California's Prior Experience with Regulation of Air Pollution and Energy Efficiency
 
Regulation of Air Pollution
Regulation of Energy Efficiency

   The 2006 Legislation: Political Debate, Passage, and Content
 
Negotiating an Agreement on AB 32
The Content and Timetable of AB 32

   Subsequent Developments in California
 
Actions by the Governor
The California Attorney General

   The California Approach versus the CAA and RGGI Approaches
 

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