California Energy and Environment Update - December 20, 2010

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State regulators approve cap-and-trade plan Last week the California Air Resources Board voted 9-1 to approve the state’s landmark cap and trade plan, which aims to reduce emissions of the world’s eighth largest economy to 1990 levels by 2020. The rules would set up the nation’s largest carbon trading market as a way to enforce the state’s cap on emissions, as required by AB32. The program targets 600 major sources of greenhouse gases that emit 25,000 tons or more of carbon dioxide equivalent annually. The European Union and Chinese and Canadian provinces are in various stages of discussion with California to link their carbon markets.

In This Issue: DOE and DOI release draft of Solar Energy Programmatic Environmental Impact Statement; FERC approves California ISO plan; Fisker to sell luxury electric cars in China; Federal judge blocks major solar power project in California; California Plug-in Electric Vehicle Collaborative releases report preparing state for launch of market; and State regulators relax diesel pollution rules.

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Mintz Levin on:

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