By Vic Fazio, Dario Frommer, Kenneth Markowitz, Arshi Siddiqui - JD Supra Business Advisor.
Ten years after adopting the nation’s first program to reduce statewide greenhouse gas (GHG) emissions, California is doubling its GHG emission reduction goals while adopting new measures to reduce short-lived climate pollutants. However, the future of California’s embattled Cap-and-Trade program remains up in the air.
Deeper GHG Emission Cuts
California Gov. Jerry Brown (D) has signed SB 32 legislation mandating deeper cuts in GHG emissions. Gov. Brown is also expected to sign SB 1383 addressing short-lived climate pollutants.
SB 32 directs the California Air Resources Board (ARB) to cut GHG emissions to 40 percent below 1990 levels by 2030. Current state law mandates a 20 percent cut of GHG emissions below 1990 levels by 2020 under the landmark Global Warming Solutions Act of 2006 (AB 32).