Archive for December 5th, 2012
Ever since it first became law in 2006, California Assembly Bill 32, also known as the Global Warming Solutions bill, has been embroiled in controversy.
What the law set out to do, as it was originally written, is to craft a plan to achieve the maximum “technologically feasible and cost-effective reductions in greenhouse gas emissions from sources or categories of sources of greenhouse gases by 2020,” the bill’s language says, and to reduce California’s statewide level of greenhouse gas emissions to a level last achieved in 1990.
Compliance with all parts of AB32 are set to take effect in January, but major parts of the legislation are starting to take effect, and a big sticking point for proponents and opponents of the law is the issue of CCAs, or California carbon allowances. Read the rest of this entry »