Tag: ab 32
Cap-and-trade will initially regulate the industrial sector and utilities. Eventually, fuels will be phased into the program, too. It's all part of AB 32, the law that requires California to bring greenhouse gas emissions back to 1990 levels by 2020. Here's a breakdown of where the emissions come from.
This week, California rolls out the heavy artillery in its attack on climate change with a program called “cap-and-trade.” It’s like a stock exchange for carbon emissions, where the state’s biggest polluters have to buy the right to emit greenhouse gases. It’s the most ambitious climate change policy in the country, but not everyone is happy with it.