July 1, 2017 by Ronjoy Bezbarua
(Source: Center For American Progress) At the state level, strengthening the cap-and-trade program for the post-2020 period will be essential as California pursues its ambitious emissions reduction target. Under A.B. 32, California committed to reducing greenhouse gas emissions to 1990 levels by 2020. The state is on track to reach this target, with its carbon intensity continuing to decline even as its economy has grown. A successful reauthorization of the program will also strengthen the legal footing of cap-and-trade in California. Those looking to undermine cap-and-trade have contended that the program represents an illegal tax because the authorizing statute did not pass with a two-thirds majority required for taxes under Proposition 13. Read full article….
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