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California lawmakers eye carbon tax amid cap-and-trade woes

March 20, 2017
Even as California continues to embrace cap-and-trade as its centerpiece program to reduce greenhouse gas emissions after 2020, some Democratic and Republican lawmakers are questioning the effectiveness and impacts of the program and exploring either a broad carbon tax or a "cap-and-tax" system after 2020. "Markets likes certainty. So regulations, mandates and a carbon tax give us more certainty," state Assemblywoman Cristina Garcia (D) told a March 15 hearing of an Assembly budget subcommittee. “Why not move in that direction...

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