From: Environmental Law ReSource
This post was written by Rose Standifer. California has moved one
step closer to implementing a comprehensive cap-and-trade program
for greenhouse gas (GHG) emissions. On Tuesday, November 24,
2009, the California Air Resources Board (CARB) released a
preliminary draft of regulations for a GHG cap-and-trade
program. The regulations are far from complete. Key
components of the program, such as how to allocate emission
allowances, have not yet been developed. CARB will be holding
a public workshop to discuss the preliminary draft on Monday,
December 14, 2009 and will be accepting comments on the preliminary
draft through Monday, January 11, 2010. An updated draft will
be issued in Spring 2010, with the goal of issuing final
regulations in September 2010 and launchin...
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CARB Releases Preliminary Draft Of Cap-And-Trade Regulations
This post was written by Rose Standifer. California has moved one
step closer to implementing a comprehensive cap-and-trade program
for greenhouse gas (GHG) emissions. On Tuesday, November 24,
2009, the California Air Resources Board (CARB) released a
preliminary draft of regulations for a GHG cap-and-trade
program. The regulations are far from complete. Key
components of the program, such as how to allocate emission
allowances, have not yet been developed. CARB will be holding
a public workshop to discuss the preliminary draft on Monday,
December 14, 2009 and will be accepting comments on the preliminary
draft through Monday, January 11, 2010. An updated draft will
be issued in Spring 2010, with the goal of issuing final
regulations in September 2010 and launchin...
The Western Climate Initiative Moves Forward
Now that the Senate has put an end to speculation about a federal
cap-and-trade program, the laboratory of the states and patchwork
of regional regulation seem even more important. The Western
Climate Initiative (WCI) will likely involve a little of both.
Yesterday, the WCI Partner Jurisdictions (seven US states and four
Canadian provinces) unveiled their comprehensive strategy for
a cap-and-trade program with the goal of reducing regional
greenhouse gas emissions by 15% below 2005 levels before 2020. The
program is planned to begin in 2012, although apparently only
California, New Mexico, Quebec, Ontario, and British Columbia are
on track to have trading systems operational by that date. Even so,
these two states and three provinces account for 70 percent of the
greenhouse gas...
The Western Climate Initiative Moves Forward
Now that the Senate has put an end to speculation about a federal
cap-and-trade program, the laboratory of the states and patchwork
of regional regulation seem even more important. The Western
Climate Initiative (WCI) will likely involve a little of both.
Yesterday, the WCI Partner Jurisdictions (seven US states and four
Canadian provinces) unveiled their comprehensive strategy for
a cap-and-trade program with the goal of reducing regional
greenhouse gas emissions by 15% below 2005 levels before 2020. The
program is planned to begin in 2012, although apparently only
California, New Mexico, Quebec, Ontario, and British Columbia are
on track to have trading systems operational by that date. Even so,
these two states and three provinces account for 70 percent of the
greenhouse gas...
EPA Issues Its Final Set of Mandatory GHG Reporting Rules
When we blogged about the Mandatory Greenhouse Gas Reporting
Program regulations last fall, we noted that the EPA had excluded
from the final regulations emission source categories such as
wastewater treatment plants and underground coal mines that were
initially included in the draft rules. No
longer. Yesterday, EPA finalized regulations requiring an
estimated 680 facilities in the four sectors of underground coal
mines, industrial wastewater treatment systems, industrial waste
landfills and magnesium production facilities to begin collecting
emissions data on January 1, 2011, and submit their first annual
report in March 2012. Despite being few in number, these
facilities, which primarily emit methane, are responsible for about
1% of national greenhouse gas emissions.&nbs...
RGGI's 6th Auction: For 2012, Supply Outnumbers Demand
The states participating in the Regional Greenhouse Gas Initiative
(RGGI) announced the results of their 6th quarterly auction, held
on December 2nd, which brought in the lowest prices for carbon
dioxide (CO2) allowances yet. Wednesday’s auction also marks
the first time that RGGI allowances offered for sale outnumbered
demand. Only 1.6 million of the roughly 2.1 million allowances for
the 2012 vintage sold at RGGI’s required price floor of
$1.86. Depending on each state’s regulations, these
unsold allowances may be sold in future auctions, or a state may
choose to retire them. Although retirement this early in the
game is a somewhat remote possibility, it will be interesting to
see whether this will have an impact in RGGI's second compliance
period, 2012-20...