California’s cap-and-trade program, known as “AB32,” is moving closer to its first binding auction. Mandated as part of California’s Global Warming Solutions Act of 2006, it requires greenhouse gas emissions in California to be reduced to 1990 levels by 2020 and to 80 percent of 1990 levels by 2050. Recently, the state modified its greenhouse [...]
Archive for the ‘Cap and Trade’ Category
6 Jan
D.C. Circuit Puts Cross-State Air Pollution Rule on Hold
Implementation of the EPA’s Cross-State Air Pollution Rule (“CSAPR”), requiring states to reduce power plant emissions that contribute to air pollution in other states, has been put on hold by a December 30th ruling of the United States Court of Appeals for the D.C. Circuit. Until the court’s review of the rule’s validity is complete, [...]
5 May
Environmentalists vs…Carbon Cap-and-Trade?
A recent Update from ML Strategies (a consulting affiliate of law firm Mintz Levin) tipped us off to an interesting case that pits California’s proposed carbon cap-and-trade system against two environmental justice groups. Environmentalists were largely united in their excitement over the passage of California’s Global Warming Solutions Act (more popularly known as AB 32), [...]
20 Jan
CFTC Releases Report on Oversight of Carbon Markets
By now, many of you have heard that the CFTC has released, on behalf of the Interagency Working Group for the Study on Oversight of Carbon Markets, the report mandated by Section 750 of the Dodd-Frank Act (you can skip to page 374). But have you read it? According to E2 Wire, the report stresses [...]
