Newsom budget proposal would extend the state’s carbon trading program through 2045 and reserve at least $1 billion per year for high-speed rail

Newsom budget proposal would extend the state’s carbon trading program through 2045 and reserve at least $1 billion per year for high-speed rail

California Plans $60 Billion Carbon Cap-and-Invest Program Despite Pressure from Trump

California Governor Gavin Newsom released a revised proposal for the 2025-2026 state budget, containing plans to extend the state’s “Cap-and-Invest” program, requiring major emitters to purchase allowances for carbon emissions above a declining cap, through 2045. According to the budget proposal, the Cap-and-Invest program, which was set to expire in 2030, is anticipated to generate […]