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Cap and trade gets a new name and a new mission beyond cutting carbon pollution

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December 10, 2025 6:52 am
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By Dan Walters, CalMatters

An aerial view of a gray transportation ramp under construction. Building materials can be seen laying on the ground nearby.
A high speed rail ramp under construction in Fresno on Sept. 12, 2025. The state's cap-and-invest money is expected to help keep the rail plan alive. Photo by Larry Valenzuela, CalMatters/CatchLight Local

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