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.