Senate Bill 32 was approved by the California legislature last week along with a companion bill (AB 197), putting the Golden State on a path to further reducing greenhouse gas emissions past the end of the decade.
Gov. Jerry Brown fought long and hard for the legislation mandating an additional 40 percent cut in emissions by 2030. The state is already on track to meeting the goal, set by AB 32 in 2006, to reduce its greenhouse-gas emissions back down to 1990 levels by the year 2020.
Not included in the new legislation was extending the state’s cap-and-trade program, arguably a more flexible, lower-cost policy tool to cut emissions. As things stand now, the future of the program is uncertain, as the California’s Chamber of Commerce is in court seeking to overturn the program on the basis that it needed two-thirds approval. [Read more…]