California Governor Gavin Newsom Signs Major Energy and Climate Legislation
Governor Gavin Newsom has signed a comprehensive package of energy affordability and climate-related bills aimed at reducing electricity costs, stabilizing the gas market, and cutting pollution in California. This historic bipartisan legislation includes key provisions to extend the cap-and-trade program and implement reforms to drive down energy prices for consumers. Lawmakers celebrated the passage of these measures, which are poised to reshape the state’s energy landscape amid rising costs and environmental concerns. The legislation also aligns California’s carbon market with that of Washington, highlighting a significant interstate collaboration on climate initiatives. Critics, however, have raised concerns about the effectiveness of the measures and the timing of their implementation, questioning whether they can deliver on their promises.
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