Gov. Jerry Brown Signs Bill Extending Cap and Trade through 2030

Gov. Jerry Brown has signed a bill that will keep California's signature initiative to fight global warming going for another ten years. 

The Democratic governor was joined by his predecessor, Arnold Schwarzenegger who signed the initial bill in 2006 that led to the nation's first (and only) cap and trade system to reduce greenhouse gases. 

The program puts a price on climate-changing gases emitted by companies in California. The program has been studied by people around the world as a successful way to reduce emissions while not taking the steam out of California's thriving economy. 

The new bill adds another ten years to the program which had was supposed to expire in 2020. The push by Brown to extend the bill reflects a plan that took months to put together before businesses and environmentalists would find it acceptable. 

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