Presentation Year

2015

Depreciated Participant

Sam BartonEconomicsUndergraduate Student,Alexa KandarisEconomicsUndergraduate Student

College or Department

Short Description of your Research or Creative Project (700 characters or less)

In 2006 the California State Assembly passed Assembly Bill 32, or the California Global Warming Solutions Act. AB-32 appointed the Air Resources Board as lead agency to implement a reduction in greenhouse gas (GHG) emissions back to 1990 levels by 2020. One of the ways that the ARB is facilitating this reduction is through the development and implementation of California's first GHG emissions cap and trade program. The program sets a maximum amount of allowable emissions for the industry (the "cap") then enables individual businesses to "trade" emissions allowances . Trading creates incentives to reduce GHGs below allowable levels through investments in clean technologies.

Permission to Publish Work

Yes

Node ID

18

Page Classification