REGULATORY DEVELOPMENTS

January 2010

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California Releases Preliminary Draft Regulation for Cap and Trade Program

On November 24, 2009, the California Air Resources Board (CARB) released its “Preliminary Draft Regulation for a California Cap and Trade Program” (PDR). A proposed draft regulation will be released for further public comment in Spring of 2010. A final proposed draft regulation will be available for public review in summer of 2010, and the final regulation is set to be approved by CARB in October 2010. California’s cap-and-trade program is scheduled to begin on January 1, 2012. (See, related article in this issue of the Climate Change Law & Pol’y Rptr., page 227).