In his concession speech after the 2010 mid-term elections, President Obama said that prospects for meaningful US climate change legislation are doubtful and will be for years.
With the US and the international community unable to take even modest steps to combat global warming, the State of California has stepped up in a big, big way. Despite record unemployment rates and deficits, California voters trounced a measure that would have suspended AB
32, California’s landmark climate change law. California’s AB 32 cap and trade program will soon be the biggest market for compliance emission reductions outside of Europe.
In the wreckage of the Copenhagen talks and the new political landscape in America, California is the most dynamic jurisdiction for climate change implementation in the world. More…