Calif. Proposes Cap-And-Trade To Reduce GHG

Law360, New York (September 15, 2008, 12:00 AM ET) -- In a report made Friday to the California Air Resources Board, two regulatory agencies have proposed a regional cap-and-trade program for the state's electricity suppliers to help the state reduce greenhouse gas emissions.

In the report, the state's Energy Commission and Public Utilities Commission offer an interim opinion with strategies to help the state meet standards set by AB 32, a law that passed the California State Legislature two years ago.

AB 32 requires California to reduce greenhouse gas emissions to 1990 levels before 2020....
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