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California Considers Extending Cap-and-Trade to 2045 Amid Criticism

8/15/2025

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Summary

Story summary

California's cap-and-trade program is under review as lawmakers discuss extending it beyond 2030.
Governor Newsom supports extending the program to 2045 to help achieve carbon neutrality.
Critics call for reforms, highlighting issues with weak caps and free credits for polluters.
A decline in program revenue is affecting funding for environmental initiatives.

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Story summary

California's cap-and-trade program is under review as lawmakers discuss extending it beyond 2030.
Governor Newsom supports extending the program to 2045 to help achieve carbon neutrality.
Critics call for reforms, highlighting issues with weak caps and free credits for polluters.
A decline in program revenue is affecting funding for environmental initiatives.