State unveils new rule for battling climate change
Key Highlights:
Begins in 2012
Credits issued representing 90% of all emissions per sector
Eliminates 273 million metric tonnes of CO2 by 2020 (ie. 1990 levels by 2020)
the electricity industry and large industrial plants that manufacture glass, paper, concrete and other products. In 2015 it will expand to fuel distributors and in all covers 360 businesses that work out of 600 sites across the state.
In 2012, the number of metric tons of carbon dioxide emissions estimated for California will be capped at what is forecast to be emitted that year. Over the next three years, the cap will shrink by 2 percent per year. From 2015 to 2020, the cap will drop by 3 percent per year.
