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Regulatory: The cost/benefit analysis of California’s climate change policy

Considering the bottom line of California’s far-reaching climate change regulatory strategy

In December 2008, the California Air Resources Board (CARB) approved the AB 32 Scoping Plan, establishing the state’s comprehensive climate change policy including the Cap and Trade Program. The 152-page policy document sets forth the framework for an envisioned monumental shift in business practices across the breadth of California’s trillion-dollar economy that is just now starting to ramp up.

It is difficult to determine how much money the Cap and Trade Program will ultimately cost or save California businesses, and when. However, the one thing businesses can be certain of is that implementing AB 32 will affect their bottom line.

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Thomas McMorrow

Tom McMorrow is a Partner at the law firm Manatt, Phelps & Phillips, LLP, in the Sacramento Government practice group and is Chair...

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Jon Costantino

Jon Costantino is a Senior Advisor at law firm Manatt, Phelps & Phillips, LLP, in the Sacramento Government practice group. He manages complex...

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