AB 32: Creating A Haze Of Uncertainty For Business

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.[1] 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.[2] CARB will ultimately take on an enforcement and monitoring role.[3] In addition, CARB must recommend initiatives to continue reducing GHG emissions beyond 2020.[4]

This article summarizes the law, highlights its key provisions and timetables, and identifies...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.