The program is the most wide-ranging of its kind in the nation and a key part of California’s 2006 climate-change law, AB32. The regulations dictate standards for cleaner-burning fuels, more efficient automobiles and increased use of renewable energy.
For the first time, the California Air Resources Board will auction off pollution permits on Wednesday called "allowances" to hundreds of businesses, including electric companies and refineries.
Some of the businesses regulated under California’s plan say the extra costs will result in higher electricity rates and job losses.
Post a Comment
Follow us on Twitter!