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Legislature Seeks Changes to California’s Cap-and-Trade Program

June 8, 2020, 7:57 PM

California air regulators could be ordered to study the state’s cap-and-trade program and make improvements to the carbon reduction measure if a proposed budget from the legislature is passed.

The Senate and Assembly are required to approve a budget by June 15, and legislators this year face a more challenging task as they wrestle with a projected $54 billion deficit and shortened budget process due to the coronavirus pandemic.

The Assembly and Senate on June 3 issued a 13-page summary of a budget agreement they hammered out together.

One provision included in the budget summary is $200,000 for the California ...