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Announcements
This brief examines how California could limit the production of its principal energy production – oil – and the resulting implications for global GHG emissions.
Three pumpjacks move in synchrony as an oil worker looks on. They are located
in the Kern River Oil Field outside Bakersfield, California. Photo: Sarah Craig / Faces of Fracking.
By many measures, the U.S. State of California has put in place climate policies that stand among the world’s most ambitious. But even climate leaders like California will have to go well beyond existing actions to achieve the goals of the Paris Agreement – namely, keeping warming well below 2 degrees, plus reaching new zero emissions globally by the second half of the century.
In 2017, California’s Air Resources Board committed to studying “supply-side opportunities to reduce production of energy sources.” This brief considers how limiting oil production would fit into the state’s climate portfolio – and how it would affect global GHG emissions.
It finds that restricting California oil production would likely decrease global GHG emissions by an amount similar to other key policies in the state’s recently adopted climate Scoping Plan. It also identifies several policy approaches to limiting oil production that the state could consider.
Past event / At this COP24 side event panelists will discuss how extraction limits, transition plans, subsidy reform and other policies can equitably increase ambition.
Feature / SEI hosted a panel at the high-profile Global Climate Action Summit where policy-makers called for more action on oil supply.
Past event / SEI and NextGen Policy hosted a panel discussion to explore whether phasing out oil exploration and production can make good climate policy.
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