On January 15, Environmental Defense Fund released the second report in a series that explores how one of California’s signature climate and clean energy policies – our cap-and-trade program – is working. Today, EDF is making this information available in Spanish – you can find the Executive Summary here along with our press release. The report has generated a large amount of interest, given the increased urgency of the issue, and the growing number of states and regions looking at initiating more robust climate policies. So, what do we mean when we say the cap-and-trade program is “working,” and what does this mean for Latinos in the Golden State?
Here’s how EDF looked at whether the program is working. For starters, the report examines the data on the critical goal of reducing harmful greenhouse gas emissions. These are the emissions that drive climate change, pollute our air, and exacerbate extreme weather patterns. But there are other important goals in the mix, too. One is allowing the state to maintain healthy economic growth while implementing a system of policies that curbs climate change by limiting carbon pollution. And what about making sure the cap-and-trade program benefits all communities, including those already suffering the worst effects of climate change?
Good news on all fronts. The report concludes that after two years of operation, emissions capped by the program are going down. At the same time, the state’s economic progress continues to march forward, especially when it comes to the growth of green jobs. Read More