Audit, Compliance and Risk Blog

California Extends and Amends its Greenhouse Gas Cap-and-Trade Program

Posted by Jon Elliott on Tue, Aug 08, 2017

Since 2012, California has administered a “cap-and-trade” program, setting total greenhouse gas (GHG) emission limits from selected major emitting sectors and creating tradeable emission permits and offsets to provide flexibility and encourage innovation. The program was created under authority of the state’s 2006 “AB 32” legislation, which focuses on reducing statewide GHG emissions by 2020. This authority would have expired in 2020, but new legislation extends the program until 2030. In order to secure enough votes for the extension, legislative leaders and Governor Brown agreed to statutory changes in this program and related air quality programs.

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Tags: California Legislation, Environmental risks, Environmental, Greenhouse Gas, ghg, cap-and-trade