## California ARB to hold public workshop to discuss draft changes to the greenhouse gas cap-and-trade and mandatory greenhouse gas reporting regulations

##### 01 July 2011

The California Air Resources Board (ARB) will hold a public workshop on 15 July in Sacramento, CA to discuss draft changes to the greenhouse gas cap-and-trade and mandatory greenhouse gas reporting regulations.

Prior to the workshop, ARB will make the draft changes available in discussion drafts of the cap-and-trade and mandatory reporting regulations that outline changes based on Board direction from the December 2010 consideration of these rules.

The discussion draft will propose to initiate the cap-and-trade program in 2012, but start the requirements for compliance in 2013. Under this proposal, the program would have a 2-year first compliance period rather than the 3-year compliance period originally envisioned. No allowances would be issued for 2012, and there would be no compliance obligation for 2012 emissions. More details on the elements of the program, including auction timing, will be in the forthcoming discussion draft.

In December 2010, the Board directed ARB staff to finalize a cap-and-trade regulation, and corresponding revisions to the mandatory GHG reporting regulation. The cap-and-trade program covers major sources of GHG emissions in the State such as refineries, power plants, industrial facilities, and transportation fuels. The endorsed regulation includes an enforceable emissions cap that will decline over time. The State will distribute allowances, which are tradable permits, equal to the emissions allowed under the cap. Sources under the cap will need to surrender allowances and offsets equal to their emissions at the end of each compliance period.

This workshop is meant to provide an opportunity for staff to explain how Board direction is being incorporated into the regulations and for stakeholders to ask questions about the programs. Staff will also discuss ways to ensure that large industrial sources subject to the recently finalized Energy Efficiency and Co-Benefits Audit regulation be required to take all cost-effective actions identified under those audits.

"In December 2010, the Board directed ARB staff to finalize a cap-and-trade regulation, and corresponding revisions to the mandatory GHG reporting regulation. "

This will clearly drive the last private sector employers from California. Which will land the rest of the workforce on welfare. Good luck.

Not at all, Reel, you do not understand.

An aggressive, nationwide, across the board tax increase can gather much more revenue than you would think, if done before most people GET more taxes than they pay.

And future tax increases, though driving an faster dwindling pool of workers, will be easier to pass.

Already, increased govt, entitlements and redistribution have near 50% of the population ON-the-dole.

Those filthy rich tea baggers are doomed.

Once I get more taxes, than I pay – do you think I will vote to reduce govt spending? Huh? Do you?

Will I vote to bail California out?

Of course, it was not their fault, it was Bush’s.

We could have a race to the bottom where all state compete to pollute for profit.

No fair.

They have already won the race to the bottom.

"All states compete to pollute for profit."

What does that mean?

Do you mean states must balance their budgets - while the Fed Govt can spend with no limit whatsoever?

That means that the state next door has less pollution laws so you take your company there to get tax breaks and make higher profit. See, that was not so hard to understand.

Free will.
And the states should NOT have the right to do this because ?

They can if they want, but then everyone ends up at the bottom.

Hey Toppa, I agree. Not only that but it's Bush's fault the Red Sox are only hitting 1.5 games back.

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