Assemblymember Dababneh joins Governor Brown, Legislators at the Signing of Landmark Climate Change Bill
SAN FRANCISCO — Assemblymember Matt Dababneh (D – Woodland Hills) joined Governor Jerry Brown and legislative leaders at a ceremony today to sign Assembly Bill (AB) 398, a bipartisan bill to strengthen and extend California's cap-and-trade program, ensuring the state moves forward in meeting its greenhouse gas reduction goals. The bill signing ceremony took place on Treasure Island, located in San Francisco Bay.
"Last week, I had the opportunity to co-author and support a package of bills, including AB 398, which will accelerate California's climate and clean air leadership," remarked Assemblymember Dababneh. "This legislation continues our fight to reduce air and carbon emissions in the state, especially in the communities most impacted by such pollution. The strengthening of climate policies provided by AB 398 not only benefits public and environmental health, but also provides a tangible economic benefit for people and businesses in the greater San Fernando Valley."
It is estimated that in Assemblymember Dababneh's 45th Assembly District, the economic benefits of California's climate change policies have resulted in over 9,000 jobs in local advanced energy economy; $61 million documented in-district investment in renewable energy, energy efficiency, transportation and other climate projects; and an emissions reduction equivalent to nearly 11,000 cars off the road.
"The major significance of today's events is the leadership California is showing the rest of the world as we extend cap-and-trade, which not only protects our environment but spurs innovation and economic growth," stated Assemblymember Dababneh. "At the end of the day, California only makes up 1% of the world's climate pollutants and our policies alone will not be enough to overcome the existential threat of climate change that the world is facing. We must, through the success of our policies, inspire and lead the nation and countries around the world to do the same."
Key elements of AB 398 include extending the cap-and-trade program until 2030, establishing important price containment measures to ensure market stability for industry and communities, forming requirements for state regulators to develop ways to increase offset projects with direct environmental benefits in California and mandating that 50 percent of offset projects be based in California.
Joining Assemblymember Dababneh at today's bill signing was Stuart Waldman, president of the Valley Industry Commerce Association and Michael Swords, Vice President of Government Relations with Los Angeles Cleantech Incubator. Overall, more than 150 organizations representing environmental causes, clean energy, health care, technology, agriculture, labor and local governments from across California supported this legislation.
Matt Dababneh represents the 45th Assembly District that includes the communities of Bell Canyon, Calabasas, Canoga Park, Chatsworth, Encino, Hidden Hills, Northridge, Reseda, Sherman Oaks, Tarzana, West Hills, Winnetka, and Woodland Hills. For more information please visit the Assemblymember's website, www.assembly.ca.gov/a45.
CONTACT: Dan Okenfuss