(Editor’s note: Following is the statement issued by CalChamber President and CEO Allan Zaremberg following Governor Brown signing SB 32 and AB 197 into law)

Taken together, SB 32 and AB 197, impose very severe caps on the emission of greenhouse gases in California, without requiring the regulatory agencies to give any consideration to the impacts on our economy, disruptions in everyone’s daily lives or the fact that California’s population will grow almost 50 percent between 1990 and 2030. At the very least, a market-based trading system to find the most cost effective and least impactful reductions should be amended into the law, and this can be accomplished with legislation that requires only a simple majority vote.