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.
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The energy challenge facing California is real. Every Californian
needs to take immediate action to reduce energy consumption. For
a list of simple ways you can reduce demand and cut your energy
costs, visit the Flex Your Power website at www.fypower.org .
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