10/27/11 – California Adopts Innovative Cap-and-Trade Legislation

Late Thursday the Air Resources Board unanimously approved cap-and-trade regulations as part of an on-going effort to reduce greenhouse gas emissions which are contributing to climate change. This landmark set of air pollution controls is the first in the nation to be implemented at the state level. The regulations were originally brought to the board in 2008, and have undergone extensive refinement admidst major opposition from big business.