CARB Lays Out Plan To Implement New Laws Modifying Cap & Trade System

California Air Resources Board (CARB) officials are laying out a plan to implement two new laws that extend and modify the state’s greenhouse gas cap-and-trade program, which is now called “cap-and-invest” -- including updates to annual GHG allowance budgets and credit allocations to regulated entities. The new regulatory proposals will be made as part of an existing rulemaking that CARB essentially suspended earlier this year to allow the Legislature to debate how to extend and modify the program . On...