AB 151 (Burke & Cooper) Global Warming Solutions Act of 2006: market-based compliance mechanisms
(1) The California Global Warming Solutions Act of 2006 designates the State Air Resources Board as the state agency charged with monitoring and regulating sources of emissions of greenhouse gases. The state board is required to approve a statewide greenhouse gas emissions limit equivalent to the statewide greenhouse gas emissions level in 1990 to be achieved by 2020 and to ensure that statewide greenhouse gas emissions are reduced to at least 40% below the 1990 level by 2030.
The act requires the state board to prepare and approve a scoping plan for achieving the maximum technologically feasible and cost-effective reductions in greenhouse gas emissions and to update the scoping plan at least once every 5 years.
This bill would require the state board to report to the appropriate policy and fiscal committees of the Legislature to receive input, guidance, and assistance before adopting guidelines and regulations implementing the scoping plan and a regulation ensuring statewide greenhouse gas emissions are reduced to at least 40% below the 1990 level by 2030.
This bill would require the state board, no later than January 1, 2019, and in conjunction with specified stakeholders, to report to the Legislature on the need for increased education, career technical education, job training, and workforce development in ensuring that statewide greenhouse gas emissions are reduced to at least 40% below the 1990 level no later than December 31, 2030, and as a result of the scoping plan, as specified.
(2) The act authorizes the state board to include the use of market-based compliance mechanisms in implementing the act.
This bill would establish the Compliance Offsets Protocol Task Force for the purpose of investigating, analyzing, and providing guidance to the state board in approving new offset protocols for a market-based compliance mechanism with a priority on the development of new urban offset protocols, as specified. The bill would require the state board, in conjunction with the task force, to develop a multitiered incentive system for compliance offset credits, as specified.
(Coauthors: Assembly Members Low and Rubio)
A bill to extend cap and trade should require a two-thirds majority vote of the Legislature under the limits placed on imposing or extending a regulatory fee by Proposition 26.
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|Last Updated:||May 4, 2017|