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Assemblymember Erwin seeks to lock in federal social cost of carbon estimates for California cap‑and‑trade ceiling
Summary
AB 1207 would require the California Air Resources Board to use the U.S. EPA's 2023 social cost of carbon assessment as one of the factors when setting the cap‑and‑trade price ceiling; supporters said the move keeps policy evidence‑based amid federal data uncertainty and the measure was advanced by the committee.
Assemblymember Buffy Wicks Erwin presented AB 1207, which would require the California Air Resources Board (CARB) to consider the U.S. Environmental Protection Agency’s 2023 assessment of the social cost of carbon (SCC) as 1 factor when setting the price ceiling for the state’s cap‑and‑trade program.
Erwin told the committee the bill is intended to ensure California’s…
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