California Air Resources Board Releases Broad Cap-and-Trade Plan: Questions About Allowance Allocation Remain


In a preliminary step toward implementation of a greenhouse gas cap-and-trade program under the Global Warming Solutions Act of 2006 (AB 32), the California Air Resources Board (“CARB”) on November 24, 2009 released a broad proposal identifying sources of emissions to be capped and the general timeline on which emission allowances must be obtained by capped industries. Under AB 32, California must reduce its greenhouse gas emissions to 1990 levels by the year 2020. As currently framed, the cap-and-trade program would account for just 20 percent of these total emission reductions.

Please see full article below for more information.

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

Written by:

Published In:

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

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, 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.