From California Post · · 1m
Newsom and Schwarzenegger celebrate AB 32 anniversary
California leaders mark 20 years of climate law that costs workers money.
In brief
California leaders mark 20 years of climate law that costs workers money. California’s cap-and-trade program AB 32 raised fuel prices by 5% but failed to reduce emissions as wildfires canceled decades of progress. Originally reported by California Post.
California leaders celebrate AB 32 anniversary
Gavin Newsom and Arnold Schwarzenegger bonded this week as they celebrated the 20th anniversary of AB 32, California’s cap-and-trade, excuse us, cap-and-invest, program.
AB 32 raised fuel prices by 5%
AB 32 has raised the price of fuel in California by 5%, or 26 cents per gallon at current prices, working Californians suffer most.
Wildfires canceled AB 32 emissions progress
California’s wildfires have emitted so much carbon dioxide that they have canceled out decades of emissions reductions through AB 32 and other measures.
AB 32 is a climate failure
AB 32 is a failure. A big one. California is a negligible factor in global climate anyway, despite its large economy.
In short
California’s cap-and-trade program AB 32 raised fuel prices by 5% but failed to reduce emissions as wildfires canceled decades of progress.
