I believe that California’s passage of the extended cap and trade program was a generally good compromise. Most importantly, it decoupled the cap and trade market from separate legislation to regulate local emission impacts. As I wrote earlier, earlier proposals failed on this aspect.
Here’s the two best analyses I’ve seen so far, one legal and the other economic (by a former Michigan classmate), of the legislation.
All Things Solar and Electric
Musings from M.Cubed on the environment, energy and water
This blog is not necessarily about biking. It's about life that is lived locally, at a human pace.
Energy, Environment and Policy
Musings from M.Cubed on the environment, energy and water
Examining State Authority in Interstate Electricity Markets
Musings from M.Cubed on the environment, energy and water
Musings from M.Cubed on the environment, energy and water
Economic insight and analysis from The Wall Street Journal.
Musings from M.Cubed on the environment, energy and water
Musings from M.Cubed on the environment, energy and water
A few thoughts from John Fleck, a writer of journalism and other things, living in New Mexico
Musings from M.Cubed on the environment, energy and water
Musings from M.Cubed on the environment, energy and water
Musings from M.Cubed on the environment, energy and water
Tips and tricks on programming, evolutionary algorithms, and doing research
Musings from M.Cubed on the environment, energy and water
A blog about water resources and law
Musings from M.Cubed on the environment, energy and water
Economics Outside the Cube 
An assessment of 30 years of CATP programs from Rob Stavins at Harvard: http://www.robertstavinsblog.org/2017/08/25/learning-thirty-years-experience-cap-trade-systems/
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