(CaliforniaCarbon.info, July 321, 2017) Annnnnd breathe. Well what a show-down its been. The past 6 months has seen a number of plans and proposals have their time in the limelight as Assembly members and staff chipped in their two-cents worth to extend and amend the state’s hallmark carbon pricing initiative and cap overall emission levels.
With the sun setting on a number of a bills debated and passed around Sacramento, AB398 emerged the winner on Monday, gaining bipartisan support in both the Assembly and Senate. Discussions over its design are set to continue, however. Whilst AB398 provides greater over-arching legislation than seen previously, the bill has left much detail to be fleshed out by the regulators, The Air Resources Board (ARB).