The Cap and Trade program…

The Cap and Trade program needs to be replaced with one that uses long-term science-based emission budgets consistent with the Paris Agreement,

· a legal obligation to stay within those budgets, and

· credible, transparent reporting to keep the work on track.

It would use three tools – polluter-pay, investing in solutions, and regulations – to drive down emissions and build a cleaner, more sustainable economy. And it must focus on large emissions sources which have real technological solutions.