Gas and electricity bills are too often a source of anxiety, but this month you should have some of that stress eased
out of the policy research center found that in the earlier years of cap-and-trade, the credit program was successful in helping to protect low-income Californians from being overburdened by rising costs associated with the energy transition, but Callahan says it may be time to rethink a universal credit, especially as low- and middle-income Californians continue to be disproportionately impacted by the COVID-19 pandemic and“Credits are an important way the state is trying to achieve its goal...
The current climate credit program will continue every year at least through 2030. But the credits are a “blunt instrument” in the state’s arsenal of tools to combat the climate crisis, said Callahan. Going forward, it might make sense to reallocate where those credits go in general, she said. “If the goal is to increase energy affordability for low-income Californians during a transition to a clean, low carbon economy, then other strategies that the state are using should probably receive more emphasis in the future,” Callahan said.
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