Jul 11 - Market Advisory Committee Releases Final Cap-and-Trade Recommendations

The Market Advisory Committee released its final report, detailing its recommendations for designing a greenhouse gas cap-and-trade system. The final report did not change the committee’s original recommendation to allow carbon offsets from landfill gas projects while excluding landfills from a carbon cap. However, in response to CAW’s concerns, the MAC did acknowledge this issue in a footnote, encouraging CARB to determine whether this policy might “undermine or weaken existing policies for composting”. CAW will continue to monitor this and urge the ARB to ensure that any future cap-and-trade system does not incentivize the landfilling of organics

The Air Board will be accepting the report of the Market Advisory Committee at its board meeting on July 26th.