California Leads the Nation to Control Global Warming with Its New Proposed Cap-and-Trade Regulations

more+
less-

In a highly anticipated move, the California Air Resources Board (CARB) has issued its draft regulations to implement the centerpiece of the state’s Global Warming Solutions Act (AB 32), a landmark cap-and-trade program for greenhouse gas (GHG) emissions. While there are other, smaller cap-and-trade programs in the United States, California’s proposal will cover approximately 85% of the state’s total GHG emissions and has the ambition to lead towards a national and international cap-and-trade program. The timing of CARB’s draft regulations comes at the heart of a contentious political debate regarding the potential benefits and economic costs of controlling GHG emissions through such a program, including a state ballot proposition to delay the implementation of the regulations. (CARB’s draft proposal can be found here (see article).)

Please see full alert below for more information.

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

Published In: Administrative Agency Updates, Elections & Politics Updates, Energy & Utilities Updates, Environmental Updates

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.

© Morrison & Foerster 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 »