Win for Climate Action in California: Cap and Trade Extended
Posted by Jonathan Parfrey on July 17, 2017
The passage of AB 398 and AB 617 in the California legislature signifies a big win for California.
Extending the cap-and-trade emissions reduction program until 2030 will ensure that California will be able to meet its ambitious goal of reducing greenhouse emissions to 40% below 1990 levels by 2030. This is a big win for California.
This is a also a big win for Californians. Auctions from the cap-and-trade program will continue to provide billions of dollars for projects that aid in the transition to a clean energy economy and protect Californians from the damaging effects of climate change. The accompanying bill, AB 617, will reduce air contaminants in California’s most polluted communities. This means better public health and support for a clean energy economy. It means California will be more resilient and prepared for climate impact.