United States: ARB Passes Final Regulations For Cap-And-Trade Program - Utility Products Magazine
Beginning in 2013, the start of the first compliance period, the California's largest emitters will be required to meet the assigned cap on carbon emissions or buy carbon credits to cover the difference. The delayed start means that retirement allowances will not be required for 2012, but the compliance date will have the same end period as previously written - December 31, 2014. Under this modification, covered entities will still be required to retire allowances covering 30% of their 2013 verified emissions by November 1, 2014. The remainder of allowances for the two year compliance period will be due November 1, 2015.
Beginning in 2013, the start of the first compliance period, the California's largest emitters will be required to meet the assigned cap on carbon emissions or buy carbon credits to cover the difference. The delayed start means that retirement allowances will not be required for 2012, but the compliance date will have the same end period as previously written - December 31, 2014. Under this modification, covered entities will still be required to retire allowances covering 30% of their 2013 verified emissions by November 1, 2014. The remainder of allowances for the two year compliance period will be due November 1, 2015.
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