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California Extends Cap-and-Trade Amid Climate Controversies

10/6/2025

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Summary

Story summary

California's cap-and-trade program, launched in 2013, lets companies buy carbon credits.
The Yurok Tribe initially hesitated over cultural values, then benefited economically from carbon credits.
Governor Gavin Newsom extended the program until 2045 amid federal climate rollbacks.
Critics say carbon markets perpetuate colonialism and harm Indigenous communities; experts call for stronger regulation and higher carbon pricing.

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Story summary

California's cap-and-trade program, launched in 2013, lets companies buy carbon credits.
The Yurok Tribe initially hesitated over cultural values, then benefited economically from carbon credits.
Governor Gavin Newsom extended the program until 2045 amid federal climate rollbacks.
Critics say carbon markets perpetuate colonialism and harm Indigenous communities; experts call for stronger regulation and higher carbon pricing.