June 7, 2017 by Ronjoy Bezbarua
(Source: CARB) Demonstrating California’s progress toward a clean-energy economy, the California Air Resources Board today released the latest statewide inventory of greenhouse gas emissions, a report showing significant emissions reductions along with the strongest economic growth since 2005. The 2015 Greenhouse Gas Emissions Inventory, released today by CARB, found that climate-warming emissions fell by 1.5 million metric tons (MMT) in 2015 compared with 2014, which is equivalent to removing 300,000 vehicles from California’s roads for a year. California, the sixth-largest economy in the world, has advanced its nation-leading climate goals while also growing the economy. In the last seven years, California has created 2.3 million new jobs – outpacing most of the U.S. – cut its unemployment rate in half, eliminated a $27 billion budget deficit and has seen its credit rating rise to the highest level in more than a decade. In 2016, California led the nation in job creation for the third straight year. The California Global Warming Solutions Act (AB 32) set a target of reducing greenhouse gas emissions to 1990 levels by 2020, which equals about 431 million metric tons. Last year, the Governor and the Legislature established a 2030 target of an additional reduction of 40 percent below 1990 emission levels – the most ambitious goal in North America. The new data shows that California is on its way to meet these targets. Since the peak of 489 MMT in 2004, statewide emissions have declined by 10 percent, with the latest inventory showing emissions of 440 MMT in 2015. Read full article….
Regulatory Round-up: Cap-and-trade uncertainty in Ontario looms due to gene...
February 21, 2018
Secondary Market Digest – January 2018
February 9, 2018
Ontario sets the stage for Greenhouse Gas Offset Credits
February 6, 2018