The 2025-26 Budget: Cap-and-Trade Reauthorization and Greenhouse Gas Reduction Fund Proposals at May Revision

May 19, 2025 - The Governor proposes budget trailer legislation to extend the cap-and-trade program from 2030 through 2045. The proposal generally would maintain the same statutory guidance as was contained in previous enacted legislation.
https://lao.ca.gov/Publications/Report/5049

Assessing California’s Climate Policies: Cap-and-Trade Reauthorization

May 7, 2025 - As mentioned previously, the explicit statutory authority for the cap ‑and ‑trade program sunsets at the end of 2030. Whether the Legislature must explicitly authorize a further extension or CARB already could continue the program beyond 2030 under its existing broad statutory authority is an area of some legal uncertainty.
https://lao.ca.gov/Publications/Report/5042

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

Jan 4, 2023 - CCS on majority of refineries by 2030. Declining production in line with petroleum demand. CCS on majority of refineries by 2030. Declining production in line with petroleum demand. CCS on majority of refineries by 2030.
https://lao.ca.gov/Publications/Report/4656

The 2025-26 Budget: Cap-and-Trade Expenditure Plan

Feb 12, 2025 - Should considerable uncertainty about the fate of the program exist as its next statutory end ‑date approaches (2030), a similar downward pressure on revenues could emerge. Linkage With Washington State.
https://lao.ca.gov/Publications/Report/4960

California’s Cap-and-Trade Program: Frequently Asked Questions

Oct 24, 2023 - What Will Happen to the Program After 2030? There is uncertainty regarding the program ’s operations past 2030. When the program last neared its original expiration date of 2020, the Legislature passed legislation to authorize its extension to 2030.
https://lao.ca.gov/Publications/Report/4811

Assessing California’s Climate Policies—Residential Electricity Rates in California

Jan 7, 2025 - Additionally, Chapter  361 of 2022 (S B  1020 , Laird) set interim targets to this goal, requiring that zero ‑carbon sources make up 90  percent of statewide electricity sales by 2030 and 95  percent by 2035.
https://lao.ca.gov/Publications/Report/4950

Summary of Major 2022 Climate and Energy Legislation

Jan 6, 2023 - Chapter  249 of 2016 (SB  32, Pavley) updated the limit to 40  percent below 1990 levels by 2030. Emissions will need to decline much faster than historical trends in order to meet this 2030 goal. Assembly Bill  32 required CARB to develop a Scoping Plan and update it at least every five years detailing the administration ’s plans to meet the emissions reduction goals.
https://lao.ca.gov/Publications/Report/4660

The 2024-25 Budget: Cap-and-Trade Expenditure Plan

Feb 20, 2024 - Should considerable uncertainty about the fate of the program exist as its next statutory end ‑date approaches (2030), a similar change in revenue trends could reemerge. Such volatility related to reauthorization questions is not likely to be a significant risk this year, but could develop over the next several years closer to 2030.
https://lao.ca.gov/Publications/Report/4847

The 2025-26 Budget: Proposition 4 Spending Plan

Feb 12, 2025 - For example, it mentions the Governor ’s previously released “California ’s Water Supply Strategy, ” which outlines actions the administration estimates would be needed to recycle and reuse at least 800,000 acre ‑feet of water per year by 2030.
https://lao.ca.gov/Publications/Report/4958

Cap-and-Trade Extension: Issues for Legislative Oversight

Dec 12, 2017 - Figure   6 i llustrates two revenue scenarios through 2030 under different assumptions about future allowance prices. The low price scenario assumes all allowances sell at the minimum price established by CARB from 2018 t hrough 2030.
https://lao.ca.gov/Publications/Report/3719