California’s Cap and Trade Extended: What It Means for Businesses
- Expert AdviceExpert Advice 5m read Sep 23, 2025
California has passed a sweeping energy reform package that extends cap and trade through 2045, replenishes its wildfire fund, and accelerates regional grid expansion. The reforms aim to balance affordability, resilience, and decarbonization, reshaping how utilities operate and how large businesses manage Scope 2 emissions and long-term energy strategies.