California Public Utilities Commission Uses SCC to Show Benefits of Different Scenarios
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Application
Avoided social costs of different emissions reduction scenarios.
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Date
March 2021 -
Details
The 100 Percent Clean Energy Act of 2018 (also known as Senate Bill 100) created a carbon-neutrality goal for California's electricity sector. The California Public Utilities Commision (CPUC) issued a report in March 2021 on the Act's implementation. This report includes an appendix that shows the benefits of emissions reductions under the SB100 scenario and a 60% renewable portfolio standard.
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SCC Value(s)
Based on the 2016 IWG SCC estimates using the 2.5%, 3%, and 5% discount rates.
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Legal Authority
Senate Bill 100, the 100 Percent Clean Energy Act of 2018
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