04/24/2024

Why Lawmaker Says Climate-Change Bill is Actuallyl Good for Business

Over the last 15 years, Fran Pavley has stood at the forefront of the most progressive and controversial energy policies in the state of California. She is the author of Assembly Bill 32, which established the state’s cap-and-trade program.

The Agoura Hills state Senator, a Democrat who served in the Assembly until 2006, is making one final push to transform California’s energy economy before departing the Legislature next year. She has a message for California’s business community: even companies that oppose Senate Bill 32 would benefit from it.

The new legislation would codify a 2005 executive order from then Gov. Arnold Schwarzenegger that calls on California to drop pollution levels 80 percent below 2020 levels by 2050. Putting that order into law creates more oversight on the California Air Resources Board, so lawmakers can more easily tweak the rules if they become too much of a burden to industry, she said.

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