California kicks off historic cap-and-trade program

Published November 13, 2012 in Climate

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More than five years after California’s state legislature passed AB 32, known as the Global Warming Solutions Act of 2006, the state will officially launch the world’s most comprehensive cap-and-trade program for climate change pollution today.

By placing a cap on carbon across nearly the entire California economy, the program provides incentives to deploy new pollution reduction technologies while stimulating clean tech businesses and providing a model for national action.

"This is a big day. California’s cap-and-trade program is the strongest and boldest move in the U.S. to protect public health and the environment from the clear and present danger of climate change," said Fred Krupp, President of Environmental Defense Fund (EDF), which co-sponsored and helped pass the legislation. "California’s innovative policies can lead the way for the nationwide effort needed to curb emissions and reduce climate impacts across the globe."

See more:

• Top 4 things to know about California's first ever carbon auction
• California’s bold climate law gets green light 
• AB 32 cap-and-trade rule fact sheet