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arbcombo -- Cap-and-Trade Final Board Resolution 10-42 Has Been Posted Posted: 23 Feb 2011 15:24:58
The California Air Resources Board (ARB) posted the final Board Resolution from the December 16, 2010 hearing to consider the adoption of the proposed California Cap on Greenhouse Gas Emissions and Market-Based Compliance Mechanisms Regulation, Including Compliance Offset Protocols. The final resolution has been posted, and can be found on the cap-and-trade rulemaking web site at http://www.arb.ca.gov/regact/2010/capandtrade10/capandtrade10.htm. The resolution is dated December 16, 2010, based on the Board meeting, and has been updated to reflect the changes directed by the Board members when they approved the resolution that day. Also posted on the web site are Attachment B to the resolution and Appendix 1 to Attachment B. The Board members did not direct any change to the Attachment or Appendix, so these documents are unchanged from those presented to the Board on December 16, 2010. The cap-and-trade regulation will provide a fixed limit on greenhouse gas (GHG) emissions from the sources responsible for about 85 percent of California’s total GHG emissions. Cap-and- trade will control GHGs from major emission sources (“covered entities”) by setting a firm limit (the “cap”) on GHG emissions while employing market mechanisms to cost-effectively achieve the emission reduction goals. The cap for GHG emissions from major sources would commence in 2012 and decline over time, achieving emissions reductions throughout the program’s duration. The proposed cap-and-trade regulation supports the implementation of AB 32, the California Global Warming Solutions Act of 2006. Under AB 32, ARB has developed numerous measures to reduce GHG emissions and help clean the air, protect the environment and drive innovative solutions to clean energy. For more information, please go to: http://www.arb.ca.gov/cc/capandtrade/capandtrade.htm or contact ARB’s Office of Climate Change at (916) 322-2037. You are receiving this single arbcombo email because you are a subscriber to or have made a public comment to one or more of the following lists: capandtrade, cc, ghg-rep, ghg-ver.