Posts Tagged: market-based mechanjism

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Cap-and-trade deal heading for showdown

A California power plant at dusk. (Photo David Crockett)

A hotly disputed agreement to extend California’s cap-and-trade program to 2030 reflects the power shift under way in the Legislature in which moderate, business-friendly Democrats are increasingly flexing their political muscle. It also shows the lobbying clout of the petroleum industry and divisions within the environmental community.

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