“Trading program with capped emissions” or “emission-capped trading program” means a market-based incentive trading program adopted pursuant to subdivision (b) of Section 39616 that allows sources to comply with an emission cap or limit by acquiring marketable emission credits.
(Added by Stats. 1996, Ch. 609, Sec. 1. Effective January 1, 1997.)
Last modified: October 25, 2018