The California Air Resources Board (ARB) released late last night proposed regulation to implement the California Cap and Trade program. The document will be open to a 45-day public comment period prior to the Board's final consideration of the regulations on December 16, 2010. The proposed rules can be accessed by clicking here.
We will be sending a detailed overview in the next few days. In the meantime, below you will find a summary of some key points:
If you have any questions or interest in market conditions or would like a regulatory update, please contact our U.S. Carbon Desk at: +1 415.963.9137 or +1 914.323.0265.