Governor Arnold Schwarzenegger calls it an historic agreement to combat global warming. The measure requires industries around the state to reduce their greenhouse gas emissions. The goal is to get them back to 1990 levels by the year 2020—with an overall reduction of 25-percent. Assembly Democratic Speaker Fabian Nunez is one of the authors of the legislation and says California is already a leader in environmental protections.
“We now have moved it to the next level. The goal here ultimately is we’d like to see California be carbon free…”
The measure was the subject of heavy negotiations, and includes the framework for a cap-and-trade system that will allow industries to sell and trade emissions credits in order to meet the mandated reductions—something Governor Schwarzenegger demanded. The bill has had heavy opposition from the business industry saying it could chase employers from the state.