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The Market Advisory Committee supports a market-based approach with enforceable emissions caps, emphasizing environmental justice in collaboration with ARB and CAT members. The committee works closely with ARB to implement regulations and market programs, aiming to ensure trading with EU, RGGI, and other entities. Experts on market strategies offer diverse representation, making recommendations to ARB to support the California Global Warming Solutions Act. The draft report is completed in May for ARB's consideration by June 30, 2007.
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Process Overview Eileen Wenger Tutt California Environmental Protection Agency Market Advisory Committee
AB 32 and S-20-06 • AB32: Support for Market-Based Approach with Enforceable Emissions Cap • AB32: Need for Environmental Justice Considerations • S-20-06: Collaboration between ARB & other CAT members to implement regulatory & market program • Ensure trading with EU, RGGI & others
Market Advisory Committee • Experts on Market Strategies • Diverse Representation • Works Closely and Cooperatively with ARB • Support Implementation of California Global Warming Solutions Act • Make Recommendations to ARB by June 30, 2007 • Draft Report Completed in May • ARB to Consider Adoption of Market-Based Regulations
Market Advisory Committee Comments and questions: climatechange@calepa.ca.gov Next Public Meeting – June 12, 2007 Discussion of draft report before release to ARB