The cap-and-trade program goes with a list of other measures the state is pushing including standards for ultra-clean cars, low-carbon fuels and renewable electricity, according to a press release. The new program also supports the state’s existing efforts to lower the amount of smog-forming and toxic air pollutants and better energy efficiency in homes and businesses, officials said.
“Cap-and-trade is another important building block in California’s effort to create a clean and vibrant economy,” said ARB Chairman Mary D. Nichols. “It sends the right policy signal to the market, and guarantees that California will continue to attract the lion’s share of investment in clean technology. When the nation addresses the growing danger of climate change, as I believe it must and will, California’s climate plan will serve as the model for a national program.”
The Board also voted in favor of a plan to monitor the effectiveness of the program on air quality and forests specifically.
Photo by calwest, Flickr Creative Commons