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Analysis of California cap and trade finds trouble meetings its goals

California's ten-year-old Cap and Trade Program (CATP) has two main goals: 1) reduce emissions 2) promote economic growth. Two British researchers examined the effects of the program on a regional level, and find it's missing both goals.

Danilo Mascia at the University of Leeds and Enrico Onali at the University of Exeter pulled in piles of numbers for their recent publication. They find little difference county-by-county in either emissions or economic growth between California counties under CATP and counties in neighboring states not regulated by the program.

We spend some time with the researchers to drill further into their findings, and what changes in policy might be indicated.

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The Jefferson Exchange is Jefferson Public Radio's daily news program focused on issues, people and events across Southern Oregon and Northern California. Angela Decker is the program's senior producer, Charlie Zimmermann is the assistant producer, and Geoffrey Riley hosts the show.