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In this episode, host Kristin Hayes talks with Dallas Burtraw, a senior fellow at Resources for the Future and chair of California\u2019s Independent Emissions Market Advisory Committee (IEMAC), a body that was created by legislation to help the state of California examine and refine its cap-and-trade program for reducing greenhouse gas emissions. California\u2019s climate policy success matters on a global stage: given the size of its economy and the sophistication of its policy designs, many other jurisdictions worldwide watch closely to see how things are faring in the Golden State. Burtraw takes a deep dive into California\u2019s carbon market, with a particular focus on IEMAC\u2019s recent report and its recommendations to the California Air Resources Board.\n\nReferences and recommendations:\n\nIndependent Emissions Market Advisory Committee (IEMAC) in California; https://calepa.ca.gov/independent-emissions-market-advisory-committee/\n\n\u201c2021 Annual Report of the Independent Emissions Market Advisory Committee\u201d by Dallas Burtraw, Danny Cullenward, Meredith Fowlie, Katelyn Roedner Sutter, and Ross Brown; https://calepa.ca.gov/wp-content/uploads/sites/6/2022/02/2021-IEMAC-Annual-Report.pdf\n\n\u201cIn the Struggle: Scholars and the Fight against Industrial Agribusiness in California\u201d by Daniel J. O\u2019Connell and Scott J. Peters; https://nyupress.org/9781613321225/in-the-struggle/