California’s ARB Makes History—Approves Cap-and-Trade Regulations for State
Submitted on September 23, 2014 - 11amIn November, California voters soundly rejected Prop. 23, a ballot initiative that would have rolled back regulations arising from AB 32, the landmark greenhouse gas emissions reduction law that has positioned California as a worldwide leader in green policy and technology. In December, the California Air Resources Board (CARB) approved one of the most significant portions of AB 32’s policy mechanisms—cap-and-trade regulation for business and industry.