AB 32: Creating A Haze Of Uncertainty For Business
September 29, 2008, 12:00 AM EDT
Law360, New York (September 29, 2008, 12:00 AM EDT) -- In 2006, California enacted the California Global Warming Solutions Act ("AB 32"), setting forth an ambitious program aiming to combat global warming. The law requires the California Air Resources Board ("CARB") to adopt rules and regulations that will achieve 1990 levels of greenhouse gas ("GHG") emissions by the year 2020. CARB will ultimately take on an enforcement and monitoring role. In addition, CARB must recommend initiatives to continue reducing GHG emissions beyond 2020.
This article summarizes the law, highlights its key provisions and timetables, and identifies...