Real Estate & Land Use Newsletter: CARB Releases Major Planning Document Guiding the Implementation of Landmark California Climate Change law AB 32

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On June 26, 2008, the California Air Resources Board (?CARB?) unveiled a wide-ranging draft ?Scoping Plan? that will affect nearly every aspect of the state?s economic engine. In its final form, the Scoping Plan will guide the manner in which greenhouse gas (?GHG?) emission reductions are achieved pursuant to California?s landmark climate change law, AB 32. Among other mandates, AB 32 requires California GHG emissions to be reduced to 1990 levels by 2020, which translates into a reduction of about 169 million metric tons of carbon dioxide equivalent (?MMTCO2E?) in the year 2020, compared to business-as-usual projections.

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