Governor Newsom’s Signatures Expand California’s Climate and Clean Energy Leadership

"California is doubling down on cheaper, cleaner electricity and curbing climate pollution while DC digs in on failed policies that fuel higher energy prices and the climate crisis. Through Cap and Invest and an expanded West-wide electricity market, California is demonstrating that big challenges can only be solved through engagement and partnership. These are real solutions for families on a budget, the climate and our economy.

"California created the continent's first carbon market. Extending Cap and Invest for the next twenty years will help keep costs down for families while enabling a growing list of jurisdictions across North America to join. As the fourth largest economy in the world, California shows that growing a strong economy and climate action go hand-in-hand. We look forward to being part of the important work ahead to ensure the program maintains its environmental integrity while balancing affordability concerns in the implementation of price ceiling changes.

"A West-wide electricity grid will cut California's energy costs $1 billion a year and its climate emissions by 59 percent through expanding access to cheaper clean electricity that now goes to waste. Finally, California will have the modern electricity market needed to build a clean power future the fastest, cheapest way possible while preventing blackouts."