Emission Reductions Post Cap-and-Trade Implementation

MtCO2 Transportation MtCO2 2.5 X 165 × 161 150- 158 158 157 159 100- 50- 53 53 0- 2.0 Emission reduction after 2 years of cap-and-trade 1.5 Actual BAU 1.0 CA Emissions Carbon intensity Actual BAU 0.17% -0.83% -12.60% -11.94% 63 57 54 55 57 GD 14.42% 5.68% -4.27% -6.60% 27 30 8x 34 34 38 39 JS 14.17% 4.82% 2.35% -2.05% 0.5 ½ 4 -5 Observed year state × CA × GD X JS 16 0.0

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