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“100-percent compliance helps keep California on track to
meet the state’s 2020 and 2030 GHG reduction goals,” said CARB Executive
Officer Richard Corey. “This is also further proof that cap-and-trade is now
part of the fabric of the California economy.”
The cap-and-trade program is one of several major GHG
emissions reduction programs developed under AB 32 (the 2006 Global Warming
Solutions Act). AB 32 requires the state to reduce GHG emissions back to 1990
levels by 2020. Other AB 32 programs work in tandem with cap-and-trade to
reduce emissions across the economy. Those other programs include the Low
Carbon Fuel Standard, the Renewables Portfolio Standard and the Advanced Clean
Cars program.
These programs also provide the foundation for achieving
California’s 2030 GHG reduction target of an additional 40 percent below 1990
levels. Currently cap-and-trade’s covered parties must reduce their GHG
emissions two to three percent annually.
Beginning
in 2021 those reductions will need to ramp up. The 2030 Scoping Plan now being
finalized will explain the future roles of the AB 32 programs as well as new
GHG reduction programs. The Scoping Plan will also weave together California’s
groundbreaking GHG reduction rules with those for reducing smog and airborne
toxins. This includes a particular focus on the state’s disadvantaged
communities, which in many cases experience greater exposure to harmful air
pollution and suffer disproportionately from the impacts of climate change.
CONTACT
Dave Clegern
Office of Communications
dave.clegern@arb.ca.gov
(916) 322-2990
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