California Debates Extension of Cap-and-Invest Climate Program

California state leaders are considering the extension of the Cap-and-Invest (Cap-and-Trade) climate program through 2045.

• Study by Environmental Defense Fund and Greenline Insights projects the extension would generate 287,000 jobs, $55 billion in economic growth, and $232 million in net household savings; it would also raise at least $47 billion for California Climate Investments.
• Clean and Prosperous California reports the program has lost up to $3 billion in potential revenue in the past year due to legislative uncertainty, with ongoing losses of $600 million to $1 billion per quarterly auction until reauthorization.