According to a just-released report from the California Air Resources Board, California's Cap-and-Trade Program has provided over $28 billion in climate investments over the last ten years Almost half of that - $11 billion - has already been implemented by way of more than half a million projects across the state, creating 30,000 jobs.
The report also asserts that the program has 'wiped out emissions equivalent to taking eight percent of the state's gas cars off the road.'
Nevertheless, the programs that are funded by cap-and-trade have definitely had a positive impact on greenhouse gas emissions, even if the state is not yet close to solving the problem of climate change.
#california-cap-and-trade-program #greenhouse-gas-emissions #climate-investments #environmental-impact #job-creation
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