California Air Resources Board Finalizes Cap and Trade Regulation

more+
less-

It was another all-day hearing filled with testimony about the effects of climate change and about the repercussions of the California Air Resources Board’s (“CARB” or “Board”) proposed cap and trade regulation. It was a scene that has played out many times over the past three years.

Stakeholders were making one last argument in front of the Board before another vote on the initial version of the regulation. At the end of the day, the Board produced a unanimous vote in support of California’s fledgling market-based approach to reducing greenhouse gases. What it wasn’t, was an ordinary meeting. This vote was different. This vote was the final vote needed for program approval. It was the concluding vote in what had become a multi year regulatory development process aimed at establishing the nation’s first economy wide carbon cap and trade program.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Manatt, Phelps & Phillips, LLP | Attorney Advertising

Written by:

more+
less-

Manatt, Phelps & Phillips, LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×