SAN FRANCISCO—California is poised to formally adopt the nation’s most comprehensive so-called “cap-and-trade” system, designed to provide a financial incentive for polluters to reduce greenhouse gas emissions.
State officials hope other states and Washington D.C. will follow suit with similar plans.
“When Washington considers how to address climate change, as I think it will, California’s climate plan will serve as a role model for the national program,” said Stanley Young, the air board’s spokesman.
The California Air Resources Board on Thursday is expected to approve the final draft of its plan, a key part of the state’s landmark 2006 global warming law, AB 32, which seeks to reduce the emissions to 1990 levels by 2020.