Emission Reductions Post Cap-and-Trade Implementation

Industry MtCO2 600- MtCO2 2.5 692 634 640 × 596 579 2.0 530 Emission reduction after 2 years of cap-and-trade × 1.5 400- 417 Emissions ✗ 398 377 390 395 Actual BAU Carbon intensity Actual BAU 324 CA -3.30% 0.47% -11.93% -2.65% 1.0 GD -17.05% 6.61% -26.27% -3.40% 200- 104 107 103 170 166165 JS 9.22% 0.49% -0.52% -0.17% 0.5 0- state -4 Observed year 0.0 5 6 CA X GD × JS

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