The calendar says May 2012, so what does that mean for California’s attempts to implement a first-in-the-nation, economy-wide Cap and Trade Program? Actually quite a bit.
There are many moving parts in this complex regulatory puzzle being assembled by the California Air Resources Board (Board or CARB). CARB has control over many of these moving parts, but there are a few that they do not. How these all come together over the next six to eight months (three if you count the practice auction in August), will determine how successful the program will be moving forward.