California’s Climate Change Deal May Increase Fuel Prices

By Team Writer / July 24, 2017

Climate change is happening and many people realize this but are not happy about how the economy can be effected. Here we see this in action. California is trying to curb climate change and this is probably going to bring already high fuel prices up even higher. Many people will be negatively affected by this.

Key Takeaways:

  • California’s Legislature has voted to extend the state’s cap-and-trade program through 2030.
  • Legislators approved the signature legislation from Gov. Jerry Brown, who hopes to roll back greenhouse gas emissions to 40% below 1990 levels by 2030
  • The passage of the bill was greeted enthusiastically by groups representing alternative fuels, including the Coalition for Renewable Natural Gas.

“Under the state’s current system, emissions are capped and pulluers must obtain permits for the greenhouse gases they emit.”

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Team Writer