Ok, I have to admit it: As the clock wound down on The Governator, I figured we were at least a year away from a cap and trade announcement in California. Kudos to Mary Nichols and the California Air Resources for proving me wrong. The program is up and running and CARB has a nice, user-friendly website to help people understand how it is going to work.
It’ll be interesting to see how the program affects fuel distributors–they aren’t up for the first round of implementation, but their compliance will be a nice reduction as they come online in the next years.
Here’s a round up from around the web: