California Lawmakers Tweak Cap-and-Invest Program
Fresno News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
California lawmakers are reauthorizing the states cap-and-invest program, a key climate policy that has raised billions for green projects and helped meet emission targets. However, low allowance prices have prompted new rules, and officials are balancing emission cuts, affordable energy, and stable fuel production. CARB proposes a gradual plan to move allowances from natural gas suppliers to electric utilities, aiming to avoid rate hikes and market chaos. Public comments are due by March ninth, with a board vote expected this spring.
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