The 2020 GHG emissions limit is 431 million metric tons of carbon dioxide equivalent (MMTCO2e). In 2016, Senate Bill 32, California Global Warming Solutions Act of 2006: Emissions Limit (SB 32) further required California to reduce statewide GHG emissions to 40% below the 1990 level by 2030.
Starting January 1, 2024, 50% of vehicle purchases must be zero-emission vehicles and 100% of purchases must be zero-emission starting January 1, 2027. Small government fleets (those with 10 or fewer vehicles) and those in designated counties must start their ZEV purchases beginning in 2027.
On October 7, 2023, Governor Gavin Newsom signed into law a trio of climate-related bills that will impact what companies doing business in California must (or can) say about their greenhouse gas (GHG) emissions and the climate-related financial risks to their businesses.
At COP21 in 2015 in Paris, all UNFCCC Parties adopted the Paris Agreement : the first ever universal, legally binding global climate agreement. They agreed to limit the global temperature increase from the industrial revolution to 2100 to 2°C while pursuing efforts to limit the increase even further to 1.5°C.
In short, the Kyoto Protocol operationalizes the United Nations Framework Convention on Climate Change by committing industrialized countries and economies in transition to limit and reduce greenhouse gases (GHG) emissions in ance with agreed individual targets.
UNFCCC Nav In ance with Articles 4 and 12 of the Climate Change Convention and the relevant decisions of the Conference of the Parties, countries that are Parties to the Convention submit national greenhouse gas (GHG) inventories to the Climate Change secretariat.
SB-261, Greenhouse gases: climate-related financial risk Act, mandates the disclosure of climate-related financial risks and measures adopted to reduce and adapt to such risks. The above laws were amended by SB-219, which was signed into law by the Governor in late September 2024.