California (re)assumes the leadership role on climate change. With Congressional action on climate change stalled for the indefinite future, experimentation by the states in shaping comprehensive approaches to dealing with the problem of climate change takes on central importance. As has been the case for many other environmental challenges, California has once again assumed a leadership role. In the area of climate change, California is well on track to demonstrating a market-based, business friendly, comprehensive climate change regulatory policy.
Given the history of US environmental law, in which California has played the role of laboratory and incubator
for national policy, the experiment about to get underway bears close examination. Professor Michael Wara will explain the most important features of California’s program as well as address challenges that the program is likely to encounter as it gets underway in January of 2012.