AB 32 definition
Examples of AB 32 in a sentence
The principal goal of SALC is to further the purposes of AB 32 by supporting infill development and avoiding increases in the greenhouse gas emissions associated with the conversion of California’s irreplaceable agricultural land and resources to nonagricultural uses, particularly low-density residential development.
Entry into this Settlement Agreement is consistent with those goals, including goals set out in the AB 32 Scoping Plan, and will deliver environmental benefits commensurate with those goals that may not be realized in the absence of an agreement.
In implementing AB 32, the California Air Resources Board (CARB) developed a scoping plan describing the approach California will take to reduce GHG emissions, including the Cap-and-Trade Program.
Additional information on AB 32 and the CARB climate change program is available at: ▇▇▇▇://▇▇▇.▇▇▇.▇▇.▇▇▇/cc/cc.htm.
Seller shall indemnify, defend and hold Buyer harmless from and against all liabilities, damages, claims, losses, costs and/or expenses (including, without limitation, attorneys’ fees) incurred by or brought against Buyer in connection with such Environmental Costs, GHG Charges, AB 32 Compliance Obligation, and other such costs.
AB 32 directed CARB to design and implement measures that achieve real, quantifiable, cost-effective reductions of GHG emissions to return California to 1990 emissions levels by 2020.
The major policies that govern LCFPP include the following: • AB 32 created a comprehensive program mandating a reduction in California GHG emissions to 1990 levels by 2020.
Buyer, in its sole discretion, may satisfy its obligation to compensate Seller towards Seller’s AB 32 Carbon Dioxide Costs either financially through the Carbon Dioxide Emissions Payment or physically through the transfer of Compliance Instruments (individually and/or collectively “AB 32 Compensation”).
Seller shall indemnify, defend and hold SCE harmless from and against all liabilities, damages, claims, losses, costs and/or expenses (including, without limitation, attorneys’ fees) incurred by or brought against SCE in connection with such Environmental Costs, GHG Charges, AB 32 Compliance Obligation, and other such costs.
At any time following an election to physically compensate Seller towards its AB 32 Carbon Dioxide Costs, Buyer may elect to financially compensate Seller upon sixty (60) days’ Notice, in which case the provisions relating to financial compensation towards AB 32 Carbon Dioxide Costs in Section 9.3(a)(i) shall apply and Buyer shall no longer be obligated to directly transfer Compliance Instruments pursuant to this Section 9.3.