Tag Archive for: market-based cap-and-trade program

Experts – Once Again — Tell Senate Panel That California’s Key Climate Change Strategy Is Flawed

Legislators today debated the Newsom administration’s long-term strategy for cutting greenhouse gases, with some experts reiterating their common refrain that parts of California’s cap-and-trade program are deeply flawed.

A panel of experts and the Legislative Analyst’s Office told lawmakers at a Senate hearing what they’ve heard before: The market-based cap-and-trade program that California relies on to do the heavy lifting to reduce climate-warming pollutants is unlikely to achieve the state’s 2030 targets.