Key Metrics
13.96
Heat Index-
Impact LevelMedium
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Scope LevelNational
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Last Update2025-09-14
Key Impacts
Positive Impacts (10)
Negative Impacts (2)
Event Overview
The extension of the cap-and-trade program highlights a commitment to long-term environmental policy and climate action. It addresses the need for sustained emission reductions and financial support for green initiatives, reflecting a counterbalance to federal deregulation.
Collect Records
California Lawmakers Extend Cap-and-Trade Program to 2045
The California Legislature, dominated by Democrats, has voted to extend the state's cap-and-trade program, which was set to expire after 2030. The extension aims to reduce greenhouse gas emissions and fund climate change mitigation, affordable housing, transportation projects, and utility bill credits for Californians. Governor Gavin Newsom supports the extension, viewing it as essential in response to the Trump administration's environmental rollbacks. The reauthorized program, now named 'cap and invest,' will allocate $1 billion for a delayed high-speed rail project, $800 million for affordable housing, $250 million for community air protection, and $1 billion for the Legislature's discretion. The program is intended to balance ambitious climate goals with the high cost of living and utility prices, aiming to stabilize fuel costs and supply.