An environmental policy so broad, costly and complex that it fails under its own weight will mean lost jobs, a suffering economy and losing our position as a global climate policy leader. A smart cap-and-trade system will support farmers, dairymen, shift workers at the refineries and average Californians who want clean air.
Using a statewide carbon market with tools like offsets and free allowances for exposed businesses will increase compliance, reduce emissions and ensure that people stay employed in California’s backbone industries, such as manufacturing, construction and farming. These measures contain the cost to consumers and businesses to allow the market to reduce emissions over time. Cost containment, allowance price stability and continued legislative oversight will work together to ensure the program’s long-term efficacy and success.
View Article