Famously one of the world’s largest economies, California is a major player in just about every field — from agriculture to tech. We delve into the impact of the state’s dollars-and-cents decisions.

Housing lines the street of a classic Boston neighborhood. Photo via Pixabay
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The most debated portion of the Garcia bill involves an existing loophole under the current cap and trade law that allows industrial facilities to get around retrofitting old, less-efficient equipment by purchasing pollution offsets and continuing to emit. But in addressing one cap-and-trade loophole, Garcia’s bill appears to open another: While it requires local air boards to establish equipment retrofitting programs, because the original law’s language was not struck, facilities could continue to trade pollution credits in lieu of replacing older equipment. Such a program, known as RECLAIM, is operated by the South Coast Air Quality Management District. During floor debate, Garcia made it clear that her bill did not intend to create that loophole, but the language remained in the version that passed.

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