Amendments to the California Cap on Greenhouse Gas Emissions and Market-based Compliance Mechanisms Regulation

3 Documents in Project

Summary

SCH Number
2018022044
Lead Agency
Air Resources Board
Document Title
Amendments to the California Cap on Greenhouse Gas Emissions and Market-based Compliance Mechanisms Regulation
Document Type
OTH - Other Document
Received

Document Description
Note: FED The proposed amendments include CARB staff's proposal to amend the Cap-and-Trade Regulation to make the Program consistent with AB 398 requirements and respond to Board direction. Specifically, the proposed amendments would update existing provisions to ensure appropriate allowance allocation to provide transition assistance and minimize emissions leakage, clarify allowed use of allocated allowance value, add a price ceiling and two Reserve tiers post-2020, revise quantitative offset usage limits and implement "direct environmental benefits in the state" (DEBS) provisions for offset credits, establish a process to assess compliance obligations for GHG emissions associated with electricity imported through the Energy Imbalance Market (EIM), and enhance CARB's ability to implement and oversee the Regulation.

Contact Information
Rebecca Fancher
Air Resources Board
1001 I St.
Sacramento, CA 95814

Phone : (916) 324-1550

Location

Regions
Statewide

Notice of Completion

Review Period Start
Review Period End
Reviewing Agencies
Cal Fire California Department of Parks and Recreation California Public Utilities Commission Caltrans, Division of Aeronautics Caltrans, Division of Transportation Planning Department of Conservation Department of Fish and Wildlife, Headquarters Department of Toxic Substances Control Department of Water Resources Native American Heritage Commission Office of Emergency Services, California Resources Agency Resources, Recycling and Recovery State Water Resources Control Board, Division of Water Quality
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