#cap-and-trade

#cap-and-trade

The issue's macro-politics are that while gas-emitting industries and business groups favor its renewal as a predictable way of meeting emission reduction goals, environmental groups see it as business buying exemptions from pollution. They would prefer direct company-by-company regulation. Within that conflict are other issues, such as steadily dropping proceeds from the emission auctions, which emitters with vital products should be given permits without cost, and how auction revenues should be spent.

California's Cap-and-Trade program has raised $33 billion since 2014, directing funds to both combat climate change and support communities, primarily focusing on low-income areas.