With billions of dollars expected to be generated by the California Air Resource Board’s cap and trade auctions, many in the Legislature are excited with ideas of how to spend the money.
But rather than scheming on foolhardy, unsustainable spending plans, if the real goal is to reduce greenhouse gas emissions, experts involved in the process say the Legislature should give the money back to the businesses it taxed, with the proviso the money is spent helping the companies lower their emissions.
What is AB 32 and Cap and Trade?
Last week, the Senate held a very long Informational Budget committee hearing on the Senate’s proposed long-term plan for Cap and Trade auction… Read More
