HVAC Breaking News

Jan. 19, 2011: California Board Approves Cap-and-Trade Regulation

January 19, 2011
/ Print / Reprints /
ShareMore
/ Text Size+

SACRAMENTO, Calif. - The California Air Resources Board has endorsed a cap-and-trade regulation, moving forward on reducing California’s greenhouse gas emissions under its Assembly Bill 32, Global Warming Solutions law. The cap-and-trade regulation is seen as a key measure to achieve the 2020 greenhouse gas reduction targets of AB 32, California’s climate change law which took effect in 2006. The newly-passed regulation sets a statewide limit on the emissions from sources responsible for 80 percent of the state’s greenhouse gas emissions. The board said it also establishes a price signal needed to drive long-term investment in cleaner fuels and more efficient use of energy.

Companies are not given a specific limit on their greenhouse gas emissions, but must supply a sufficient number of allowances (each covering the equivalent of one ton of carbon dioxide) to cover their annual emissions. Each year, the total number of allowances issued in the state drops, requiring companies to find the most cost-effective and efficient approaches to reducing their emissions. By the end of the program in 2020 there is expected to be a 15 percent reduction in greenhouse gas emissions compared to today. If achieved, it would reach the same level of emissions as the state experienced in 1990, as required under AB 32.

The California Air Resources Board is a department of the California Environmental Protection Agency. For more information, visit www.arb.ca.gov.

Publication date: 01/17/2011

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.

Podcasts

Kyle Gargaro, editor-in-chief of The NEWS, hosted the 2014 ACCA CEO Forum. At the event, six well-known, highly respected company executives, Gary Michel, Ingersoll Rand/Trane; Chris Nelson, Carrier Corp.; Chris Peel, Rheem Mfg. Co.; Rod Rushing, Johnson Controls; Brent Schroeder, Emerson Climate Technologies; and Doug Young, Lennox; provided individual industry outlooks and fielded questions directly from attending contractors. Listen to the entire event on the NEWSMakers podcast. Posted on April 14.

More Podcasts

THE MAGAZINE

ACHRNEWS

NEWS 04-14-14 cover

2014 April 14

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

SERVICE CALLS POLL

Which statement on service calls best applies to your business?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con