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Cap-and-Trade in California: Health & Climate Benefits Greatly Outweigh Costs

California has an economy-wide cap-and-trade system for greenhouse gases (GHG) that began in 2012 and now covers electricity, transportation, industry, and heating. About 45% of the revenues from cap-and trade are invested in programs to further reduce greenhouse gases across economic sectors through the California Climate Investments initiative. Our research shows that California Climate Investments […]