Jerry Brown officially extends California's landmark cap-and-trade program

California’s Governor Jerry Brown yesterday signed into law the state’s revised cap-and-trade program, AB 398. The action extends and improves the state’s ambitious and world-leading climate change plan to effect reductions in greenhouse gases.

Photo: California Governor's website

"California is leading the world in dealing with a principal existential threat that humanity faces," said Governor Brown. "We are a nation-state in a globalizing world and we're having an impact and you're here witnessing one of the key milestones in turning around this carbonized world into a decarbonized, sustainable future."

The signing took place on Treasure Island, the same location where former Governor Arnold Schwarzenegger signed the state’s original cap-and-trade-program, AB 32 (the California Global Warming Solutions Act of 2006) over 10 years ago. The new program, which was approved with bipartisan support, is designed to ensure that California reduces its GHG emissions 40 percent below 1990 levels by 2030 as required by AB 32.

"Thanks to bipartisan support California was able to extend its historic cap and trade program which protects our environment and preserves our nation-leading economic growth. Governor Brown and legislative leaders from both parties came together to ensure that California continues to march toward a clean, prosperous future. I want to especially thank Assembly Republican Leader Chad Mayes and his Republican colleagues for following in the footsteps of great Republicans like Teddy Roosevelt and Ronald Reagan, who both recognized the importance of fighting for clean air and water and natural spaces. I hope politicians around the country can learn from the example set in Sacramento last week. Republicans and Democrats were able to come together to pass legislation that helps clean up our environment for our children while at the same time supporting a booming economy," said former Governor Schwarzenegger.

"As the Trump Administration seeks to undermine our nation's climate leadership - the world is looking to California. We are proving that growing an economy and protecting the environment is not an either-or proposition; we can and will continue to do both. Today's extension of our landmark cap-and-trade program, coupled with our effective clean energy policies, will move us forward into the future and we plan to take the rest of the world with us," said Senate President pro Tempore Kevin de León.