Lawmakers Vote to Extend Cap and Trade as “Cap and Invest,” Align Emissions Cap with Timeline to Meet State’s Climate Action Goals

"Today's vote reaffirms California's commitment to a thriving economy with bold climate action. By aligning the future of cap and invest with the state's commitment to build a carbon-neutral economy by 2045, we can provide certainty of meeting our climate goals while keeping costs down for families. There is important work ahead to make certain California rises to the challenge. State leaders must ensure the implementation of price ceiling changes in the program maintains its environmental integrity while balancing the affordability needs of families.

"By signing this bill into law, Governor Newsom will cement California's future as a climate leader working with a growing list of partners across North America. The world can continue to look to California when it cannot look to DC."