California Air Regulators Approve Overhaul of Cap-and-Invest Climate Program
The California Air Resources Board (CARB) has approved a sweeping update to the state's cap-and-invest program, tightening pollution limits while reshaping the distribution of billions in climate funding. A central feature of the overhaul is the creation of a $4 billion fund intended to help large polluters invest in decarbonization projects through 2045. Governor Gavin Newsom defended the move as a necessary balance between climate goals and economic affordability. However, environmental groups and housing advocates argue the changes are a retreat that prioritizes oil executives over vulnerable communities, claiming the new structure weakens incentives for pollution reduction and diverts critical funding from climate mitigation.
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After heated debate, California updates key climate limit. Critics say it's a retreat - Los Angeles Times
California air regulators approved a sweeping update of the state’s cap-and-invest program, tightening the pollution cap while reshaping how billions in climate dollars flow through communities and industry.
California air regulators update a key climate program, sparking pushback from environmentalists :: WRAL.com
SACRAMENTO, Calif. (AP) — California air regulators updated the rules of a key climate program on Friday in a move widely protested by environmental groups who said the changes would weaken the program and undercut efforts to curb planet-warming emissions. ... AP U.S. news
California Cap-and-Trade Update Draws Fire from Environmental Groups - British Brief
State regulators say this is designed to prevent businesses from leaving California. However, environmentalists argue it undermines the program's purpose of incentivizing pollution reduction and will reduce funding for climate mitigation programs. ... California Air Resources Board Chair Lauren Sanchez, formerly Newsom...
California overhauls carbon market — critics say it’s a giveaway to oil - Palo Alto Online
Katelyn Roedner Sutter, California senior director for the Environmental Defense Fund, called the decision “deeply misguided” for prioritizing polluters over communities. “Newsom’s air regulators are handing billions to oil executives at the expense of our climate, health, and affordability ...
Amid Opposition, California Regulators Approve Major Changes To Cap-And-Trade Program | KQED
In a controversial move, state regulators on Friday approved major changes to California’s cap-and-invest program at a lengthy board meeting that transpired over the course of two days. The California Air Resources Board (CARB) voted to create a $4 billion fund for big polluters to invest in decarbonization projects. Climate, affordable housing and transit advocates, however, worry the move might mean significantly less money for their programs. Gov. Gavin Newsom ...
Governor Newsom applauds updates to California’s Cap-and-Invest Program | Governor of California
What you need to know: Following ... of California’s Cap-and-Invest Program through 2045 last year, CARB updated the program to follow legislative direction to balance affordability, jobs and near-term economic concerns while also ensuring emissions reductions and progress protecting our climate in the long term. SACRAMENTO – Governor Gavin Newsom today issued ...
California air regulators update a key climate program, sparking pushback from environmentalists | The Independent
And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.Your support makes all the difference.Read more · California air regulators updated the rules of a key climate ...
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