22.1 C
Thursday, July 18, 2024

California Air Resources Board signs agreement with Australian climate agency

Memorandum of Understanding focuses on clean energy technology
and market integrity

SACRAMENTO – California Air Resources Board Chairman Mary
D. Nichols and Chair of the Australian Clean Energy Regulator,
Chloe Munro, signed a Memorandum of Understanding to guide
collaboration between the agencies in addressing the global issue
of climate change.

The agreement establishes a framework for a working relationship
that will mutually benefit each agency in efforts to reduce
greenhouse gas emissions.

“This agreement continues our productive relationship with the
Clean Energy Regulator to improve our respective programs,” said
Chairman Nichols. “It is another step forward in California’s
efforts to establish relationships with other programs to
continue sharing information and best practices to fight the
global danger of climate change.”

“It is important for Australian agencies to develop strong
relationships with our counterparts overseas as we work towards a
global market. I believe this agreement will demonstrate the
benefits of regulators working together to reinforce the
effective operation of our programs,” said Chair Munro.

Under the agreement, the Clean Energy Regulator and the Air
Resources Board will share information to develop complementary
and effective market-based programs to reduce greenhouse gas
emissions, and support and build on the capacity of the
international carbon market.

The Australian Clean Energy Regulator and the Air Resources Board
have been sharing practical lessons over the past year on methods
for setting carbon prices. The new memorandum focuses on
investing in clean energy generation and related technologies and
improving market integrity to deepen collaboration between the
two agencies.