January 25, 2022 - In this post, we describe the Governor's cap-and-trade expenditure plan, evaluate the revenue assumptions used to determine the amount of funding available, and identify issues for legislative consideration.
December 6, 2021 - Revenue from quarterly cap‑and‑trade auctions is deposited in the Greenhouse Gas Reduction Fund (GGRF), and the funds are allocated to various climate‑related programs. In this post, we (1) summarize the results from the recent November 2021 cap‑and‑trade auction, (2) estimate future GGRF revenue and the amount available for discretionary spending under three different scenarios, and (3) identify issues for legislative consideration as it begins its 2022‑23 budget deliberations.
March 2, 2023 - This post summarizes the Cap-and-Trade Expenditure Plan and Greenhouse Gas Reduction Fund revenue estimates.
February 20, 2024 - This posts describes the Governor's $2.3 billion discretionary cap-and-trade expenditure plan proposal.
February 12, 2025 - In this brief, we assess the Governor’s cap-and-trade expenditure plan for 2025-26 and provide associated recommendations.
March 30, 2023 - Presented to: Senate Budget and Fiscal Review Subcommittee No. 2 on Resources, Environmental Protection and Energy
August 23, 2017 - Presented to Assembly Budget Subcommittee No. 3 on Resources and Transportation
May 17, 2015 -
August 24, 2017 - Presented to Senate Budget and Fiscal Review, Subcommittee No. 2
February 14, 2018 - In this report, we assess many of the Governor’s budget proposals in the resources and environmental protection areas and recommend various changes. Below, we summarize our major findings and recommendations. We provide a complete listing of our recommendations at the end of this report.
May 7, 2025 - This report is intended to help inform legislative decision-making around reauthorization of the cap-and-trade program. It is submitted pursuant to Chapter 135 of 2017 (AB 398, Garcia), which requires our office to report annually on the economic impacts and benefits of the state’s greenhouse gas emissions reduction targets.