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Proposed California greenhouse gas emissions trading program now available
ARB to take comments, continue work with stakeholders
SACRAMENTO - Today the California Air Resources Board announced the release of its proposed greenhouse gas cap-and-trade regulation.
The release begins a public comment period culminating in a December 16 public hearing in Sacramento, California, at which the Board will consider adopting the proposed program. During the public comment period, ARB staff will continue to meet with stakeholders to refine the regulation and develop proposed changes to present at the Board hearing.
“This program is a crucial element of reducing our greenhouse gas emissions. It will help drive innovation, create more green jobs and clean up our air and environment” said ARB Chairman Mary D. Nichols. “We have worked closely with all interested parties and stakeholders to make sure that the program provides flexibility to reach our emissions reduction goals while taking into consideration the current economic climate and the need to fully protect California’s economy.”
A key part of ARB’s AB 32 Scoping Plan, the cap-and-trade program provides an overall limit on the emissions from sources responsible for 85 percent of California’s greenhouse gas emissions. 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 clean, green jobs in California. It is designed to work in collaboration with other complementary policies that expand energy efficiency programs, reduce vehicle emissions, and encourage innovation.
For more details and instructions on how to comment on the proposed regulation, see the Notice of Public Hearing at: http://www.arb.ca.gov/regact/2010/capandtrade10/capnotice.pdf (Comments will be accepted starting November 1, 2010. )
A brief overview of the program is at: http://www.arb.ca.gov/newsrel/2010/capandtrade.pdf .
The regulation and all related material is at: http://www.arb.ca.gov/regact/2010/capandtrade10/capandtrade10.htm .
AB 32, signed by Governor Schwarzenegger in 2006, is California's Global Warming Solutions Act that set in law aggressive greenhouse gas reduction targets that will reduce emissions to 1990 levels by 2020. In 2008 ARB approved the AB 32 Scoping Plan that uses a mix of approaches to meet climate change goals, including a cap-and-trade program and other complementary measures.
ARB's mission is to promote and protect public health, welfare, and ecological resources through effective reduction of air pollutants while recognizing and considering effects on the economy. The ARB oversees all air pollution control efforts in California to attain and maintain health based air quality standards.