Two reports make headlines

By CMTA Staff

Capitol Update, March 20, 2015 Share this on FacebookTweet thisEmail this to a friend

Two reports made headlines this week.  
1. The Californians for Affordable and Reliable Energy (CARE) released a report on the impacts of energy policy on costs and how those cast could affect the San Diego region:
From CARE: A report released this week from the National University System Institute for Policy Research (NUSIPR) found that California’s lack of strategic coordination on energy policies is increasing energy costs in San Diego, hurting key industries, and burdening residents who are struggling to balance household budgets. The report entitled San Diego: Energy, the Economy and the Call for Pause encouraged policymakers to understand how energy policies impact costs, and consider whether the new mandates are fostering a more sustainable, cost-effective energy system.
2. Andrew Chang and the California Issues Forum released a report examining the regional distribution of California's Cap-and-Trade auction funds. 
From the report:
  • Cap-and-Trade auctions will conservatively generate approximately $16 billion for state programs through 2020, leveling off at $2.7 - $2.8 billion starting in 2015/16. To date, all current vintage allowances offered at auction have been sold, averaging ten percent over the reserve price
  • Approximately $6 billion of forecasted Cap-and-Trade revenues through 2020 are not programmed for specific programs currently
  • Future budgets will need to account for 40% of program spending that is not continuously allocated and approximately $1 billion in surplus from 2014/15 and prior budget years
  • Cap-and-Trade revenues are primarily being spent in the southern Central Valley, the San Francisco Bay Area and Southern California. Though there are clear guidelines for geographically allocating 25% of the Cap-and-Trade revenues, clear guidelines have not been established to geographically allocate the remaining 75%. This report outlines three potential principles for allocating the remaining funds geographically
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