Massachusetts and California seem to be neck-and-neck in the race to be the first state to cap greenhouse gases economy-wide.
Massachusetts issued emergency regulations last week which create the first phase of a mandatory reporting program, thus taking the title of first state to implement the beginnings of an economy-wide cap and trade plan. The regulations commence January 1, 2009, so Massachusetts facilities that might need to report should read Foley Hoag’s Client Alert on the new regulations very soon.
Not to be outdone, California also released big news last week. With the Air Resources Board’s approval of the Scoping Plan, California now claims it will be the first in the nation to approve a greenhouse gas cap that includes every sector of the economy.