California's Climate of Confusion

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California is sending mixed signals on climate change issues these days. While the state has been a leader in adopting both cap-and-trade and renewable portfolio standards (RPS) as parallel strategies to reduce greenhouse gas emissions, those two tracks seem to be diverging. An initiative, Prop. 23, seeks to roll back the state's landmark cap and trade measure, but at the same time the state legislature is considering uping the ante on RPS to drive the state towards a greater percentage of renewable energy.

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Published In: Energy & Utilities Updates, Environmental Updates, Tax 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.

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