By Robert F. Lawrence, Partner, and Dustin Till, Associate, Marten Law
Cap and trade is a market-based framework under which aggregate emissions are capped and regulated businesses must obtain (through government allocations, auctions, or secondary trades) an allowance for each ton of greenhouse gases they emit. The California Air Resources Board (CARB) recently adopted regulations that impose a cap-and-trade program in California. CARB's program has many problems with it, and is (by CARB's admission) unfinished. The attached article explains some of those issues.
Download and read the complete article, Cap-and Trade War Coming Our Way: GHG regulations take effect in just over a year, but lots of work remains to be done if they are to succeed.
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