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California’s carbon-pricing program generated $36.2B for climate initiatives: report
The Cap-and-Invest program deployed $15.5 billion for projects focused on clean air, energy efficiency and emissions reductions.
AI Summary
The Cap-and-Invest program deployed $15.5 billion for projects focused on clean air, energy efficiency and emissions reductions. Covered entities, including power plants, are required to surrender a tradeable permit for every metric ton of carbon they emit.
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