Law Firm Says New California Cap & Invest Laws Send ‘Strong’ Global Signal

Two new California laws to extend and modify the state’s greenhouse gas market -- which has been renamed as a “cap-and-invest” program -- are sending “a strong signal globally” about using such systems to address carbon emissions, according to an analysis by attorneys with the industry-focused law firm Latham & Watkins. “The new laws restore long-term‑ statutory authority, largely maintaining the market architecture that has governed the program since 2017, and preserve significant discretion for the California Air Resources Board...