California Releases Proposed Cap and Trade Regulation

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On October 28th, the California Air Resources Board (CARB or Board) published their proposal for the country’s first economy-wide Cap and Trade regulatory program. The long-awaited 3,500-page package includes the proposed regulation (182 pages), various appendices, and a focused environmental and economic analysis. But most importantly, it provides stakeholders with the answers to the big-ticket policy questions that have surrounded the proposed program for over a year.

Also released for public comment are the proposed changes needed to update California’s existing Mandatory Reporting Regulation so it meshes with the Cap and Trade program. The dual 45-day public comment periods for the regulations start on November 1st and continue until the Board hears both items on December 16th and/or 17th.

Please see full alert below for more information.

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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.

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