Commendable efforts on climate change, Gavin Newsom. I anxiously await a superior climate-focused governor for California in the future
California, a state known for its commitment to combating climate change, is currently grappling with a mix of accomplishments and setbacks in its environmental efforts.
Last week, Governor Gavin Newsom played a pivotal role in striking a series of deals aimed at limiting electric rate increases, boosting clean-energy supplies, and extending an emissions-reduction program called cap-and-trade. Cap-and-trade, one of the state's signature climate programs, sets statewide limits on heat-trapping emissions from large polluters and generates revenue for climate solutions.
However, the Governor's actions have not been without controversy. Some environmentalists have expressed frustration over weaker cap-and-trade regulations and free permits for the oil and gas industry. The Governor has also been criticised for decisions that undermine rooftop solar, prop up the Aliso Canyon gas field, and slow the implementation of a single-use plastics recycling law.
In a bid to address the state's high cost of living, legislators have passed several bills aimed at reducing the cost of electricity. One such bill, Assembly Bill 825, will help establish a Western electricity market, making it easier to share solar and wind power across state lines, and helping California keep the lights on without fossil fuels and without driving up utility bills.
The high-speed rail project, a pet project of Governor Newsom, is currently $100 billion over its original budget with no timeline for completion. The Governor's support for the project is likely due to its strong labor-union backing.
Senate Bill 254, another significant piece of legislation, reins in utility profits, potentially saving customers $3 billion over 10 years. The bill also lays the groundwork for government loans to fund construction of some new power lines, which would be less expensive than utility funding because ratepayers wouldn't need to cover shareholder profits.
However, some experts are skeptical about the effectiveness of Senate Bill 237 in keeping gasoline prices stable. This bill will speed approval of thousands of new oil wells in Kern County, limiting environmental review.
Amidst these developments, there are signs of progress. The cap-and-trade program has been extended until 2045 with few changes, and $20 billion in cap-and-trade funding has been secured for California's high-speed rail project. Governor Newsom's recent climate accomplishments include lower energy prices, a regional electricity market, a bullet train supported by labor, and a cap-and-trade extension that oil companies were ultimately willing to live with.
Yet, concerns about California's commitment to climate change persist. Critics argue that the state is backsliding, primarily due to actions taken by Governor Newsom and his appointees. The Governor recently decided more drilling is needed to keep gasoline prices from rising, despite potential air pollution concerns.
As California navigates this complex landscape, it remains to be seen how these decisions will shape the state's future in terms of climate change and energy policy.
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