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California’s New Cap-and-Trade Plan Heads for a Vote—with Compromises
Inside Climate News: California lawmakers are expected to vote Monday on legislation to extend the state's landmark cap-and-trade program, the country's most progressive, statewide attempt to cut greenhouse gas emissions.
The program, launched in 2013, created the world's second-largest carbon market after the European Union's. A potentially powerful tool for controlling greenhouse gas emissions in the world's sixth-largest economy, its fate has been keenly watched by environmental advocates and by fossil fuel producers alike.
The new legislation would extend that tool for another decade, to 2030, but it comes with compromises.
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