California’s Cap & Trade program is set to expire in 2030. As lawmakers consider reauthorizing this program, they should prioritize proven investments in physical and natural infrastructure that will reduce the greatest amount of greenhouse gas emissions; that make us safer and more resilient to the impacts of climate change; and investments that create good paying middle-class jobs. Lawmakers should also ensure reauthorization does not increase taxes or fees that are ultimately paid by consumers in the form of higher cost of living.
Climate change and extreme weather are here. We need an improved Cap & Trade program that focuses on effectiveness, accountability and affordability.