New compliance timeline for Cap and Trade Rule

By CMTA Staff

Capitol Update, July 1, 2011 Share this on FacebookTweet thisEmail this to a friend

California Air Resources Chair Mary Nichols testified at a State Senate Committee Informational hearing on Wednesday this week.  She announced that the timeline for compliance with the cap and trade regulation adopted last December will be adjusted from 2012 to 2013. Here is her relevant testimony, followed by a link to her entire statement at the hearing:

    “….in light of the importance of this regulation to the success of California’s climate change program and the need for all necessary elements to be in place and fully functional, we are proposing to initiate the program in 2012, but start the requirements for compliance in 2013.

    This would not affect the stringency of the program or change the amount of emission reductions that the program will achieve, keeping us on track to meet the 2020 target required by AB 32.

    In the next few weeks, ARB staff will hold a public workshop to discuss and receive input on this proposal and other elements needed to finalize the regulation. Prior to the workshop, staff will release a discussion draft of the regulation to enable all stakeholders to continue to fully participate in helping establish the final details of the program.”
http://www.arb.ca.gov/cc/testimony/testimony.pdf

 

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