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California lawmakers approve cap-and-trade extension to 2030 in bipartisan effort to further reduce GHG emissions

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July 17, 2017 LA Times  read full article here

In a big victory for Gov. Jerry Brown, state lawmakers approved a 10-year extension for California’s cap-and-trade program. The vote came with bipartisan support, a significant shift from previous years where climate policies squeaked by along party lines or with only a handful of Republicans in favor.

Cap and trade requires companies to buy permits to release greenhouse gas [GHG] emissions. The legislation approved on Monday, Assembly Bill 398, will continue the program until 2030.  Lawmakers also approved related legislation, Assembly Bill 617, to improve air quality in polluted communities.

…California’s program is the only one of its kind in the U.S. and has been considered an international model for using financial pressure to prod industry to reduce emissions. …

…“California Republicans are different than national Republicans,” said Assembly Republican leader Chad Mayes (R-Yucca Valley), who pushed members of his caucus to work with Democrats on the issue. “Many of us believe that climate change is real, and that it’s a responsibility we have to work to address it.” The legislation to extend cap and trade, Assembly Bill 398, passed 55 to 21 in the Assembly and 28 to 12 in the Senate….

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