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Cap-and-invest is California’s centerpiece climate policy. It ensures the state hits its climate targets affordably
 & generates billions in revenue. It is also a pillar 
with other carbon markets for global climate cooperation. 2/

AB 1207 reauthorizes the core of CA’s carbon market and reinforces it in 5 key ways. Here’s what’s new: 3/

1. Extension to 2045
 Past renewals every 10 yrs cause market crashes & uncertainty.
 AB 1207 extends program to 2045.
 A 20 year carbon price signal for clean investment in the world’s 4th-largest economy. 4/