Signs that Republicans and Democrats are moving toward a common view on California’s cap-and-trade markets have begun to emerge from the state Legislature, which would be good news for transit and high-speed rail.

“I’m not surprised because I think there’s a lot of economic benefit from the cap-and-trade program versus other options like taxes and so forth,” Democratic State Sen. Jim Beall (D-Campbell), who chairs that chamber’s transportation committee, said Friday. “I think it falls…