Details Will Bedevil As Calif. Cap-And-Trade Moves Forward

Law360, New York (July 20, 2017, 8:39 PM EDT) -- The 10-year extension of California's landmark cap-and-trade program poised to be signed into law by Gov. Jerry Brown will avoid the existential legal tests the original program endured, but experts say it still faces several regulatory and legal hurdles if it's going to ensure the Golden State meets its ambitious greenhouse gas emissions reduction goals.

The California state Legislature on Monday passed legislation that extends the California Air Resources Board's authority to administer the cap-and-trade program beyond its original 2020 expiration date to 2030. Crucially, the legislation received enough Republican support to secure a two-thirds majority, thereby mooting questions over whether...

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