Recent Streetsblog CALIFORNIA posts about Legislation

"We are lowering the cap every year," which is helping reducing greenhouse gases, said Governor Jerry Brown. Image: Screengrab from CATV

Cap-and-Trade Extension: It’s a Compromise, But It’s What We Got

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Many of the bill’s opponents at this hearing agree that there is no time to waste. They have been arguing that cap-and-trade is not working as intended—that its emission reductions are inadequate, and that in some cases the program has led to an increase in local emissions of other harmful pollutants by allowing industries to buy their way out of cleaning up their practices.