AB 398 Archives - Long Beach Business Journal
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Governor Signs Legislation Extending Cap-and-Trade Bill; Business Groups Divided On Whether It Will Harm, Help Their Constituents

California’s cap-and-trade program, which requires companies to purchase permits in order to emit greenhouse gases, was officially extended to 2030 when Gov. Jerry Brown signed Assembly Bill 398 on July 26. The program was first put in place in 2006 by Assembly Bill 32, which also set requirements for overall greenhouse gas emissions reductions statewide. […]