The power plant in El Segundo, Calif. (Photo: Don Solomon, via Shutterstock)
OPINION: One of California’s tools in fighting climate change and promoting clean air is the emissions reduction program known as cap and trade. Cap and trade is one part of California’s broader approach to growing clean energy jobs and investment — and it works best in concert with the state’s full suite of policies.
Many large employers in California were scheduled for massive greenhouse gas (GHG) “cap-and-trade” cost increases starting in 2015. Now state regulators propose to delay any increase until 2018 at the earliest. This is good news for manufacturers and thousands of California workers with high wage manufacturing jobs. Food processors, consumer products firms, aerospace, chemical and