Economic and Allocation Advisory Committee. EAAC

Moving Forward With Cap-and-Trade in California

In 2006, the California Legislature enacted the Landmark Global Warming Solutions Act (AB 32), which authorized–but did not compel–the California Air Resources Board to adopt a cap-and-trade program as part of a comprehensive strategy to reduce state greenhouse gas emissions. A year ago, CARB adopted its AB 32 “Scoping Plan,” in which it commits to …