California Analysis Shows Market-Based Climate Policy Is Over 80% Cheaper Than Regulation-Based Policy

  • Economic analysis released by the California Air Resources Board in 2016 shows that achieving their 2030 carbon reduction target with market-based policies costs $1.7 billion, while a regulation-based approach costs $9.7 billion.

  • The analysis shows that market-based policies can achieve the same carbon reduction target as regulatory policies, but at an 80% cheaper cost.