Seems like only yesterday that those following AB 32 were anticipating the release of the California Air Resources Board’s (CARB’s) initial view of the AB 32 Cap and Trade program. That initial version, known as the Preliminary Draft Regulation (PDR), was made public in the fall of 2009. It was a document that laid out in broad strokes the basic structure of the program, but it left many policy calls for future versions. We are now only about a month away from the CARB Board taking final action to approve the fully detailed program. What a strange trip it’s been.
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