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

May 7, 2025 - To the extent the Legislature identifies other policy goals beyond GHG emission reductions and affordability —such as related to environmental quality, transportation mobility, or climate change adaptation —it could structure the program to support those goals.
https://lao.ca.gov/Publications/Report/5042

The 2022-23 Budget: Zero-Emission Vehicle Package

Feb 23, 2022 - The 2022-23 Budget: Zero-Emission Vehicle Package c Administration ’s estimate. d LAO estimate based on average of FARMER and AB 617 incentives. GHG = greenhouse gas; ZEV = zero ‑emission vehicle; HVIP = Hybrid and Zero ‑Emission Truck and Bus Voucher Incentive Project; CORE = Clean Off ‑Road Equipment; FARMER = Funding Agricultural Replacement Measures for Emission Reductions;
https://lao.ca.gov/Publications/Report/4561

The 2026-27 Budget: Cap-and-Invest Expenditure Plan

Feb 10, 2026 - GGRF = Greenhouse Gas Reduction Fund; DOF = Department of Finance; CalFire = California Department of Forestry and Fire Protection; SB  840  =  Chapter  121 of 2025 (SB 840, Lim ón); AB 617 = Chapter 136 of 2017 (AB 617, C.
https://lao.ca.gov/Publications/Report/5114

The 2025-26 California Spending Plan: Natural Resources and Environmental Protection

Oct 16, 2025 - (We plan to discuss AB  1207 and SB  840 further in a forthcoming brief.) Efficiency and Vacant Position Reductions 2025-26 Budget Implements Control Sections First Added in 2024-25. Control Sections 4.05 and 4.12 of the 2024-25 and 2025-26 budget acts directed the Department of Finance (DOF) to identify efficiencies to reduce costs without adverse effects on state services.
https://lao.ca.gov/Publications/Report/5080

Assessing California’s Climate Policies—Cap-and-Trade Reauthorization [Publication Details]

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.
https://lao.ca.gov/Publications/Detail/5042

The 2026-27 Budget: California Public Utilities Commission’s Implementation of AB 1207

Feb 10, 2026 - The 2026-27 Budget: California Public Utilities Commission’s Implementation of AB 1207 California Public Utilities Commission ’s Implementation of AB  1207 Summary The Governor proposes $2.2  million on an ongoing basis from the Greenhouse Gas Reduction Fund (GGRF) and seven positions for the California Public Utilities Commission (CPUC) to implement changes to
https://lao.ca.gov/Publications/Report/5120

The 2022-23 Budget: Cap-and-Trade Expenditure Plan

Jan 25, 2022 - SRA = State Responsibility Area; ZEV = zero ‑emission vehicle; and AB 617 = Chapter 136 of 2017 (AB 617, C. Garcia). Proposal Mostly Provides Funding for Existing Programs. Almost all of the proposed discretionary spending would support existing programs that have received GGRF allocations in past years.
https://lao.ca.gov/Publications/Report/4496

Overview of New Updates to the Cap-and-Invest Program

Dec 9, 2025 - In September 2025, CARB issued a notice that it plans to begin updating the regulations governing the program to reflect the requirements of AB 1207, as well as make other modifications to the program.
https://lao.ca.gov/Publications/Report/5097

The 2026-27 Budget: Cap-and-Invest Expenditure Plan [Publication Details]

Feb 10, 2026 - In this report, we review the Governor’s proposed plan for spending cap-and-invest revenues in 2026-27.
https://lao.ca.gov/Publications/Detail/5114

The 2026-27 Budget: California Public Utilities Commission’s Implementation of AB 1207 [Publication Details]

Feb 10, 2026 - The 2026-27 Budget: California Public Utilities Commission’s Implementation of AB 1207 [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5120