California fortified its role as a global leader in climate policy with the passage of Senate Bill (SB) 32 and Assembly Bill (AB) 197 on Sept. 8, establishing a new ceiling on emissions in 2030 under SB 32 – 40 percent below 1990 levels. While these new laws clearly demonstrate California’s unprecedented ambition to decarbonize its economy, they also raise questions about their implications for California’s cap-and-trade system.
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