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AB 32 enacted in 2006
Outlines State’s strategy to achieve 2020 GHG goal
Built on a balanced mix of strategies
Acknowledges need for long-term strategy
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AB 32 and the Initial Scoping Plan
Success of Scoping PlanComprehensive suite of strategies applied
to all sectorsRenewable energy currently accounts for
22 percent of state’s electricityGlobal leader in energy efficiencyMost comprehensive Cap-and-Trade
program in world
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Success of Scoping Plan (continued)Renewable fuels, with the help of the
LCFS, displaced more than a billion gallons of gasoline and diesel
Zero emission vehicle regulation and Governor’s Executive Order transforming vehicle fleet
Major strides in sustainable transportation, land use, and housing planning
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AB 32 Scoping Plan UpdateUpdate shows progress to steadily drive down
GHG emissions to 2020 targetSets framework to move beyond 2020Progress will be through regulations, partnerships,
and incentivesUpdate is part of Administration’s overall climate
strategy– Environmental Goals and Policy Report– Safeguarding California– Climate Change Research Plan
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AB 32 Scoping Plan Update-ProcessKey Questions
– How have we done over past 5 years?– What is needed to continue progress to 2020?– What steps are needed to continue emission reductions?
Process developed in consultation with many stakeholders
– Climate Action Team– Local and regional agencies– Business, environmental, EJ, and community-based
organizations
Workshops and opportunities for comment on discussion draft
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Next Steps—Scoping Plan UpdateLate January - Revised Update and Environmental
Assessment Released– EA will be prepared according to requirements of
ARB’s certified program under CEQA– 45-day comment period
February 20-21- Board HearingEA comments due mid-March 2014Respond to EA comments and Board consideration
Spring 2014
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Cap-and-Trade Program
One of a suite of measures to reduce GHG emissions under AB 32
The “cap” limits total GHG emissions from all regulated sources
The “cap” declines over time—reduces emissions
Participants are allowed to “trade” state-issued GHG emissions allowances—creates flexibility, reduces costs of compliance
Works together with command-and-control measures (e.g. traditional regulation)
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OffsetsOffsets represent real, rigorously quantified, additional
greenhouse gas emissions reductions
Two new protocols to reduce emissions of methane, a short lived, high global warming potential greenhouse gas
Mine Methane Capture Protocol
– Capture and destruction of fugitive mine methane
– Potential domestic offset supply of 60 million metric tons (MMtCO2e)
Rice Cultivation Protocol
– Reduce methane emissions from rice cultivation9
Cap-and-Trade Program-Next Steps
Linkage with Québec effective January 1, 2014
Québec auction December 3, 2013
Next California auction February 2014
Finalize current amendments Spring 2014
Anticipated California-Quebec joint auction in 2014
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Cap-and-Trade Auction ProceedsPurpose: Facilitate GHG reductions and where
feasible maximize environmental and economic co-benefits.
Benefits to disadvantaged communitiesFunding source: Auctioning of State-owned
allowances from Cap-and-Trade Program.– Funding amount varies by auction– $532M generated from five auctions to date
3-year Investment PlanAnnual budget process
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Investment Plan Recommendations for Priority Investments
Sustainable Communities &
Clean Transportation
Energy Efficiency &
Clean Energy
Natural Resources &
Waste Diversion
Continuing Progress Beyond 2020Need for Midterm TargetScience supports continued reductionsCalifornia’s 2050 goalEstablishing a 2030 target would:
– Ensure continued progress toward goal– Provide greater levels of market certainty in the
near term– Frame the next suite of emission reduction
measures
Coordination with other agencies, Legislature, stakeholders
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