SACRAMENTO, Calif. (AP) — California will extend a key climate program under a bill state lawmakers passed Saturday, sending the measure to Gov. Gavin Newsom, who has championed it as a crucial tool to respond to the Trump administration’s environmental rollbacks.
The Democrat-dominated Legislature voted to reauthorize the state’s cap-and-trade program , which is set to expire after 2030. Then-Gov. Arnold Schwarzenegger, a Republican, signed a law authorizing the program in 2006, and it launched in 2013.
The program sets a declining limit on total planet-warming emissions in the state from major polluters. Companies must reduce their emissions, buy allowances from the state or other businesses, or fund projects aimed at offsetting their emissions. Money the state receives from the sales