^[PDF] The 2022-23 Budget: Cap-and-Trade Expenditure Plan

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.

Cap-And-Trade Auction Update and GGRF Projections

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.

The 2023-24 Budget: Cap-and-Trade Expenditure Plan and Greenhouse Gas Reduction Fund Revenue Estimates

March 2, 2023 - This post summarizes the Cap-and-Trade Expenditure Plan and Greenhouse Gas Reduction Fund revenue estimates.

^[PDF] Cap-and-Trade Spending Overview

March 30, 2023 - Presented to: Senate Budget and Fiscal Review Subcommittee No. 2 on Resources, Environmental Protection and Energy

^[PDF] 2017-18 Cap-and-Trade Expenditure Plan

August 23, 2017 - Presented to Assembly Budget Subcommittee No. 3 on Resources and Transportation

^[PDF] Governor’s May Revision: 2015-16 Cap-and-Trade Expenditure Plan

May 17, 2015 -

^[PDF] 2017-18 Cap-and-Trade Expenditure Plan

August 24, 2017 - Presented to Senate Budget and Fiscal Review, Subcommittee No. 2

^[PDF] The 2018-19 Budget: Resources and Environmental Protection

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.

Assessing California's Climate Policies—The 2022 Scoping Plan Update

January 4, 2023 - This brief evaluates the California Air Resources Board's plan for achieving statewide 2030 greenhouse gas reduction goals.

^[PDF] The 2021-22 Budget: Cap-and-Trade Expenditure Plan

February 10, 2021 - This publication analyzes the Governor's cap-and-trade expenditure plan, which includes "early action" discretionary spending of $624 million in 2020-21, as well as $745 million in 2021-22.

^[PDF] The 2020-21 Budget: Climate Change Proposals

February 13, 2020 - This report assesses the Governor’s major 2020-21 budget proposals related to climate change. The four proposals we evaluate are the Governor's (1) cap-and-trade expenditure plan ($965 million), (2) expanded climate adaptation research and technical assistance activities ($25 million), (3) new Climate Catalyst loan fund ($250 million), and (4) climate bond ($4.75 billion).

^[PDF] The 2022-23 Budget: Initial Comments on the Governor's May Revision

May 16, 2022 - On May 13, 2022, Governor Newsom presented a revised state budget proposal to the Legislature. (This annual proposed revised budget is called the “May Revision.”) In this brief, we provide a summary of the Governor's revised budget, focusing on the overall condition and structure of the state General Fund—the budget's main operating account. In the coming days, we will analyze the plan in more detail and provide additional comments in hearing testimony and online. The information presented in this brief is based on our best understanding of the administration's proposals as of 11:00 AM, May 14, 2022. In many areas of the budget, this understanding will continue to evolve as we receive more information. We only plan to update this brief for very significant changes (that is, those greater than $500 million).

Update (5/20/22): Updated to reflect information about state appropriations limit (SAL) excluded spending and other budget proposals.