An update on California’s cap-and-trade climate change policy: Continuing forward, perhaps beyond California

Vol. 45 No. 3

Nicholas W. van Aelstyn is a principal with Beveridge & Diamond, PC in San Francisco whose practice focuses on environmental law. He chairs the firm’s climate change practice.

On October 25, 2013, the California Air Resources Board (CARB) listened patiently to testimony from all sectors about proposed amendments to what’s known as CARB’s Cap-and-Trade Regulation, promulgated pursuant to the state’s landmark Global Warming Solutions Act of 2006 (better known by its bill number, AB 32). With the exception of two issues discussed below and regardless of the sector being represented, nearly all the testimony favored the amendments. Chairwoman Mary Nichols shortened the comment period, stipulating that the Board understood that most wished to thank CARB staff for their hard work and engagement with stakeholders. This meeting encapsulated much of what is going on with AB 32—and its potential impacts beyond California.

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