Image source does not exist News Release: 2011-07-07 Air Resources Board releases additional details of cap-and-trade and mandatory reporting regulations

Release #:11-28
Date:07/07/2011

ARB PIO: (916) 322-2990
CONTACT:

Stanley Young
916-322-1309
916-956-9409(C)
syoung@arb.ca.gov






Air Resources Board releases additional details of cap-and-trade and mandatory reporting regulations


Draft proposal includes additional details on allocation, offsets, and enforcement


SACRAMENTO - Today the California Air Resources Board released a discussion draft that includes additional details of the cap-and-trade and the mandatory reporting regulations.

The draft proposals released today by ARB staff responded to direction from the Board  and cover a range of program elements that incorporate allowances, market oversight, enforcement and offsets.

The additional details will be discussed at a workshop on July 15. Later in the summer there will be a formal public comment and review period.

Specific elements of the discussion draft include:
Initiation of the program elements in 2012, but extending the start of the compliance obligation to 2013.
Establishing precise benchmarks for the allocation of carbon allowances over the life of the program.
The ARB also released today proposed changes to the Mandatory Reporting Regulation designed to ensure that the state’s greenhouse gas reporting requirements complement the proposed changes in the cap-and-trade regulation.

The drafts and workshop information can be found at: http://www.arb.ca.gov/cc/capandtrade/capandtrade.htm .

The discussion draft for the mandatory reporting regulation is at: http://www.arb.ca.gov/cc/reporting/ghg-rep/ghg-rep.htm .

Information on the public workshop is at:  http://www.arb.ca.gov/cc/capandtrade/meetings/meetings.htm#publicmeetings.

ARB's mission is to promote and protect public health, welfare, and ecological resources through effective reduction of air pollutants while recognizing and considering effects on the economy. The ARB oversees all air pollution control efforts in California to attain and maintain health based air quality standards.