Environmental
Jul. 21, 2016
Air board proposes amendments to cap-and-trade program
The release of this extension and amendment package is happening concurrently with a long-running legal challenge against the auction component of the program. By Jon Costantino and Lilly McKenna
California has been on a mission for the last decade to reduce its greenhouse gas (GHG) footprint by 2020 to levels not seen since 1990. Much of the glamour of this effort fell on the state's cap-and-trade program. Under that groundbreaking program - which was first authorized by Assembly Bill 32, the California Global Warming Solutions Act of 2006 - entities that emit above a threshold level of GHG emissions ...
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