For EVs, solar tax breaks and climate change, -2-

And: In the midterm elections, voters in California and Massachusetts must decide if millionaires should pay more tax — which way would you vote?

California, whose economy ranks fifth in the world, can carry much broader influence when it comes to climate change than what’s contained within its borders. The effectiveness of an “uber-rich” tax in democratizing more green efforts could impact other states’ upcoming elections.

Meanwhile, on the other coast, New York is putting Proposal 1 to the voters. It would allow the high-population and influential state to issue $4.2 billion in bonds for environmental, natural resources, water infrastructure, and climate change mitigation projects.

At least two governors’ races are climate races

Two Western state governors’ races could affect the 40 million people who get their water under the century-old Colorado River compact.

A megadrought that’s lasted for two decades has left the Colorado River dangerously low. Scientists estimate about 40% of the drought is attributable to human-caused climate trends.

To deal with the extreme lack of water, the Department of the Interior took an unprecedented step earlier this year, telling the governors of Wyoming, Colorado, Nevada, New Mexico, Utah, Arizona, and California if they didn’t come up with a crisis proposal, the agency’s Bureau of Reclamation would do it for them.

Now, the elections in Arizona and Nevada could delay a state-run plan, causing the Department of the Interior to step in. And, as USA Today reports, in both states, Republicans with unorthodox water plans are polling well.

In Arizona, Republican candidate Kai Lake wants to prioritize finding additional water supplies rather than conservation. In Nevada, Republican candidate Joe Lombardo says California gets too much water under current rules and the entire Colorado River Compact should be renegotiated. But to rewrite a compact was ratified in 1922, the approval of Congress, state legislatures and governors is required, a potentially tall task.

-Rachel Koning Beals

(END) Dow Jones Newswires

11-05-22 1155ET

Copyright (c) 2022 Dow Jones & Company, Inc.

Author: systems