Emission Reductions Post Cap-and-Trade Implementation

Other sectors MtCO2 40- MtCO2 38.49 39.01 38.77 37.1 36.12 36.82 X 34.37 33x71 31.97 33.00 31.98 30- 27.14 00 0.4 Emission reduction after 2 years of cap-and-trade 0.3 Emissions 0.2 Carbon intensity 20- Actual BAU Actual BAU 18.34 16.8 16.48 17.28 CA -11.46% -15.79% 14.8 13.68 0.1 GD 21.27% -3.00% 10- JS 11.29% -18.75% 0- i 2 state 3 4 Observed year × CA × GD × JS -CO 6 -5 0.0

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