Climate Change: California Global Warming Solutions Act Of 2006

Yesterday, on the last day of its two-year session, the California Legislature passed Assembly Bill 32, the "California Global Warming Solutions Act of 2006." Passage by the Legislature followed an "historic agreement" between the legislative leadership and Governor Schwarzenegger. The Governor is now expected to sign the bill into law during September. Once signed, the bill will become effective on January 1, 2007 and will establish the first comprehensive greenhouse gas (GHG) regulatory program in the United States. The California program will directly regulate GHG emissions from most industries in California and will affect business and the economy throughout California, the nation and the entire globe.