How California Cap-and-Trade Works — and How Newsom Wants to Change It

How California Cap-and-Trade Works — and How Newsom Wants to Change It

Gov. Gavin Newsom proposed extending the state’s landmark climate program in his budget. It has big implications for high-speed rail.

Should CA's Climate Budget Pay for High-Speed Rail, Firefighters?

This story was originally published by CalMatters. Sign up for their newsletters. California Gov. Gavin Newsom wants to tap at least $2.5 billion from the state’s climate fund to pay for state firefighting crews and the long-troubled high-speed rail project. By Alejandro Lazo CalMatters In his budget proposal unveiled last week, Newsom announced that he is seeking to extend the state’s landmark cap-and-trade program, which is funded by credits …