Newsom Budget Lays out Cap-and-trade Extension, Climate Spending
Proposal Includes $325M for Wildfire Mitigation and Forest Resilience
California Gov. Gavin Newsom, left, surveys damage from the Los Angeles wildfires. Newsom’s 2025/26 budget includes funding for wildfire mitigation along with a proposal to extend the state’s cap-and-trade program beyond 2030. | Office of Gov. Gavin Newsom
Jan 13, 2025
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California lawmakers may consider extending the state’s landmark cap-and-trade program, following a request from Gov. Gavin Newsom in his 2025/26 budget proposal.