As most of you know, there is ZERO chance that there will be any cap and trade law coming out of the Capitol Hill in the next two years since the Republican are in control of the House of Representatives.
However, the California Air Resource Board is poised to finalize the state’s Cap and Trade regulations before the end of this year. This was mandated by the California Global Warming Solutions Act of 2006. The finalized regulations wil go into effect January 2012.
There is a Scoping Document from the Board that outlines all the steps required by the Global Warming Act.
We will post the final cap and trade rules here as soon as they are adopted by the Board.