Special Projects
Our Special Projects workstream is focused on salient and cross-cutting California climate issues that are often short-term opportunities with major upside potential.
Our current focus area includes Cap-and-Trade reauthorization and the expenditure of Greenhouse Gas Reduction Fund revenues.
Recent Analysis
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Analyzing California's Greenhouse Gas Reduction Fund
December 2023
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Op-Ed: Maximizing the impact of history-making federal clean energy investments
September 2022
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Publication: Defining the value of carbon removal in a low-carbon future
August 2022
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Publication: Bridging capital discipline and energy scenarios
July 2022
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Publication: Cutting through the noise on negative emissions
July 2021
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Publication: Policy Options for Deep Decarbonization and Wood Utilization in California's LCFS
May 2021
Our take
Greenhouse Gas Reduction Fund (GGRF)
California’s Cap-and-Trade program auction proceeds generate roughly $4 billion annually for appropriation by the Legislature. However, this funding is not spent as well as it could be, with the expected cost-effectiveness of a given GGRF investment greater than $1,000/ton. A review and potential reallocation of some portion of GGRF investments to ensure alignment with the state’s highest-priority climate infrastructure needs and the Scoping Plan is warranted.
For more information, contact Amanda DeMarco (amanda@csgcalifornia.com) or Sam Uden (sam@csgcalifornia.com).
