While the federal government continues to tangle with Congress over a climate change law, the California Air Resources Board on Dec. 16 went ahead and endorsed its own cap-and-trade regulation. The measure was a major component in AB 32, California’s climate change law signed by Gov. Arnold Schwarzenegger (R) in 2006. The regulation sets a statewide limit on the emissions from sources responsible for 80% of California’s greenhouse gas emissions and establishes a price signal needed to drive long-term investment in cleaner fuels and more efficient use of energy, according to CARB. It is also designed to provide covered entities
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.