Cap-and-trade final Board resolution released

By CMTA Staff

Capitol Update, Feb. 25, 2011 Share this on FacebookTweet thisEmail this to a friend

The California Air Resources Board (CARB) recently posted the final Board Resolution from the December 16, 2010 hearing to consider the adoption of the proposed “California Cap on Greenhouse Gas (GHG) Emissions and Market-Based Compliance Mechanisms Regulation, Including Compliance Offset Protocols”.

According to CARB:

The cap-and-trade regulation will provide a fixed limit on greenhouse gas emissions from the sources responsible for about 85 percent of California’s total GHG emissions.  Cap-and-trade will control GHGs from major emission sources (“covered entities”) by setting a firm limit (the “cap”) on GHG emissions while employing market mechanisms to cost-effectively achieve the emission reduction goals.  The cap for GHG emissions from major sources would commence in 2012 and decline over time, achieving emissions reductions throughout the program’s duration.  The proposed cap-and-trade regulation supports the implementation of AB 32, the California Global Warming Solutions Act of 2006.  Under AB 32, ARB has developed numerous measures to reduce GHG emissions and help clean the air, protect the environment and drive innovative solutions to clean energy.

To view the resolution, please see www.arb.ca.gov/regact/2010/capandtrade10/res1042.pdf

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