Affordability concerns at center of cap-and-trade renewal debate
… Climate-fueled costs have injected a new dynamic into negotiations over extending cap-and-trade before the legislative session ends Sept. 12. … Negotiations to extend cap-and-trade to 2045 have moved slowly behind closed doors for much of the year. The program is complex, and just 21 of the state’s 120 legislators were in office for the last reauthorization vote. But the talks have become more urgent as auction returns earlier this year faltered, reflecting uncertainty about the future of the program.
Other cap-and-trade and climate law news:
- Public Policy Institute of California: Blog: The balancing act behind meeting California’s climate goals
- E&E News by Politico: California carbon auction sees high demand amid legislative uncertainty
- The Sacramento Bee: Opinion: Reauthorizing California’s cap and trade is critical for climate action
