The California Air Resources Board (ARB) has released its proposed greenhouse gas (GHG) cap-and-trade regulation.
The release begins a public comment period culminating in a Dec. 16 public hearing in Sacramento, at which the ARB will consider adopting the proposed program.
A key part of ARB's A.B.32 Scoping Plan, the cap-and-trade program provides an overall limit on the emissions from sources responsible for 85% of California's GHG emissions, according to the ARB. This program allows covered entities the greatest flexibility for compliance, stimulates clean energy technologies, increases energy security and independence, protects public health and will drive green jobs in California, the board adds.
A brief overview of the program is available here.
SOURCE: California Air Resources Board