The Global Warming Solutions Act of 2006, aka AB 32, is in trouble, or something, per the California Business Alliance for a Green Economy. Seems that California courts might be slowing down/delaying implementation.
Get all the deets of their recent letter to Jerry Brown, below.
How Soon Is Now for AB32?
Here’s the letter:
“May 31, 2011
The Honorable Jerry Brown
Governor of California
State Capitol, Suite 1173
Sacramento, CA 95814
RE: AB 32/cap and trade rule
Dear Governor Brown:
We, the undersigned California CEOs and business leaders, are dedicated to the successful implementation of the
state’s landmark law, AB 32. Like you, we believe AB 32 is benefiting our economy and environment and is crucial
to attracting additional clean technology investment to the state.
While Californians overwhelmingly rejected Proposition 23 last year and its attempt to indefinitely delay
implementation of AB 32, key provisions of the law are now facing additional challenges that also threaten to delay
implementation even further. While the cap and trade program is one of many AB 32 rules, we believe it is critical
to the success of the overall program.
First, we reject the calls from some environmental organizations for a wholesale revision of the AB 32 cap and
trade system. We take particular issue with these organizations calling for such revisions in the name of jobs and
the economy. As business leaders who are responsible for creating the jobs that have become such a popular
talking point, we can tell you that nothing will do more harm to the emerging California clean economy sector than
continued regulatory uncertainty. By far, the biggest impediment to creating real jobs is delay. The implementation
of AB 32 has proven to be a bright spot during this recession. It has attracted clean technology manufacturers,
investors, businesses and jobs to the state. Undermining this market signal with indefinite delays will jeopardize
Second, a recent court decision based on a lawsuit filed by several organizations has effectively halted the cap and
trade rule development. As a result of this lawsuit, the California Air Resources Board (CARB) is unable to do any
work related to the rulemaking. If the delay persists, we are increasingly concerned that the state will fail to meet
its deadline for the rule to go into effect in 2012. Further, we believe efforts to derail California’s cap and trade
rule will jeopardize the Western Climate Initiative (WCI) as California’s participation is crucial to the success of the
WCI. A strong regional carbon market anchored by California is important to the business sector and it will increase
the size of the market for California’s clean technology industry.
For businesses, uncertainty in the marketplace hurts investment, innovation and growth. Forcing businesses to
remain in virtual regulatory limbo will only exacerbate the problem. In order to give businesses the confidence that
California will lead the nation with the creation of a robust, economy-wide cap and trade system, it is vital the
state resolves this issue as soon as possible. We look forward to working with you and your Administration on the
implementation of AB 32 and strengthening California’s clean economy.
Signers after the jump.
Executive Director, Clean Economy Network
Founder and CEO, Small Business Majority
President/Founder, Polar Technology LLC
Chairman, NewWorld Capital
Principal, Davis Energy Group
President, Bowman Design Group
Senior Director of Market Development, Tendril
President & CEO, Foresight Renewables
Founder, Christensen Global
Kenneth C. Collins, Sr.
President/CEO, High Desert Region Green Jobs Initiative
Partner, Mohr Davidow Ventures
Partner, Black Coral Capital
CEO & President, OriginOil, Inc.
President & CEO, Simbol Materials
President & CEO, San Francisco Chamber of Commerce
President & CEO, Stion
Nancy C. Floyd
Founder and Managing Director, Nth Power LLC
President and CEO, ClearEdge Power
President and CEO, Sierra Business Council
Chief Executive Officer, Pattern Energy
President & CEO, Silicon Valley Leadership Group
CEO, Recurrent Energy
Martin L. Lagod
Managing Director, Firelake Capital Management, LLC
President, Equator, LLC
President, Los Angeles Business Council
CEO, EOS Climate, Inc.
Managing Partner, Greentech Capital Advisors
Dennis V. McGinn
Vice Admiral, U.S. Navy, Retired
President, American Council On Renewable Energy (ACORE)
President, Tegrus Builders, Inc.
President, Aztec Solar, Inc.
President, Green Chamber of Commerce
Chairman, GreenCube LLC
Alex Rau, PhD CFA
Principal, Climate Wedge Ltd.
Chairman, Jambase, Inc.
CEO, Natel Energy, Inc.
Partner, EKO Asset Management Partners
Jon W. Slangerup
Chief Executive Officer, N.E.I. Treatment Systems
Kevin B. Smith
Chief Executive Officer, SolarReserve
Founder and Managing Partner, Craton Equity Partners
President & CEO, U.S. Green Chamber
CEO, A123 Systems
Partner, Capricorn Investment Group
The Honorable Kamala Harris, Attorney General of California
The Honorable John A. Pérez, Speaker of the Assembly
The Honorable Darrell Steinberg, Senate President pro Tem
Mary Nichols, Chair, California Air Resources Board
James Goldstene, Executive Officer, California Air Resources Board
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