5 August 2010 | The winds of change are blowing across the climate change policy landscape. With legislation stalled in the US Senate, attention now shifts to state and regional initiatives. In California, the Global Warming Solutions Act, better known as AB32 and passed in 2006, establishes a statewide mandate for Greenhouse Gas (GHG) reductions, including participation in a regional cap and trade system.
The California Air Resources Board (ARB) is the state agency responsible for implementing AB32, and it’s been busy readying the emissions trading framework set to take effect in 2012. On July 30, the ARB held a public workshop to discuss the role of Reducing Emissions from Deforestation and Degradation (REDD) in a California cap and trade system and offered glimpses of a new pathway to incentivize tropical forest conservation.
Read the full article here…..http://www.ecosystemmarketplace.com/pages/dynamic/article.page.php?page_id=7670§ion=news_articles&eod=1
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