California Governor Gavin Newsom has signed legislation extending the state’s signature cap-and-trade program—renamed “Cap-and-Invest”—through 2045, reinforcing the state’s commitment to achieving carbon neutrality while funding key infrastructure and environmental programs. The move, celebrated by Democrats and environmental advocates, has drawn criticism from Republicans concerned about rising gas prices and economic impacts. Cap-and-Trade Becomes Cap-and-Invest: A Key Tool Against Climate ChangeThe Cap-and-Trade program, first implemented in California in 2012, sets declining limits on greenhouse gas emissions from major polluters. Revenue from the program supports climate change mitigation, affordable housing, transportation projects, and utility bill credits for residents. The program underscores the state’s commitment to reducing greenhouse gas emissions while investing in communities, infrastructure, and sustainable energy solutions.