Governor Gavin Newsom is pushing to extend California's cap-and-trade program, which limits greenhouse gas emissions and generates funds through a market for emissions credits. Named Cap-and-Invest in Newsom's proposal, the program has drawn criticism for not being stringent enough. As it approaches its sunset in 2030, discussions arise over how to allocate the revenues generated - whether for environmental projects or to alleviate climate-related costs for Californians. The proposal has implications for the authority of state lawmakers versus regulators regarding emissions decisions, highlighting the complexities in climate policy.
Governor Gavin Newsom proposes to extend California's cap-and-trade program, focusing on its stability while raising questions about fund allocation and regulatory authority.
The cap-and-trade system limits greenhouse gas emissions and generates billions annually from company credits but faces criticism from both conservatives and progressives.
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