Clean & Prosperous California‘s discussion with Dr. Kyle Meng explored his new economic analysis on reducing California's high electricity costs using revenues from California’s cap-and-invest program. Among other things, Dr. Meng’s research shows reallocating $1.2 billion used for California Climate Credit payments toward direct rate subsidies could lower electricity prices by 4-7% for all households, 13-19% during high-usage summer months, or 27-44% for low-income households. This webinar will offer additional economic insights into California's electricity affordability challenges and discuss innovative policy solutions, including expanding the California Climate Credit.

• Using California’s Cap-and-Trade Revenue to Lower Electricity Prices

  • Full Policy Brief on "Using California's Cap-and-Trade Revenue to Lower Electricity Prices"

  • Key takeaways from the Policy Brief can be found in this Executive Summary

  • To learn more, visit UCSB's Environmental Markets Lab (emLab) Project Page

• Data and Code Exploration

  • Energy Affordability Online Calculator which “helps explore how State-wide budgetary allocations (permit revenue from California’s GHG cap-and-trade program - or from any state funds) could be used to reduce electricity prices in California.”

  • GitHub Repository containing the code, data, and outputs for the emLab analysis on "Using California’s Cap-and-Trade Revenue to Lower Electricity Prices."