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 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

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

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

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

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

The 2022-23 Budget: Clean Energy Package

Feb 22, 2022 - For example, some alternative spending options include: Programs Aimed at Meeting 2030 GHG Goals. The state ’s 2030 GHG goals will be difficult to meet. The Legislature could redirect some of the proposed funding to other programs that likely do more to help meet the state ’s 2030 goals, such as methane reduction programs.
https://lao.ca.gov/Publications/Report/4554

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

Dec 9, 2025 - Accordingly, the statutorily required GGRF allocations for the SRA fee backfill and manufacturing tax exemption still are scheduled  to end January 1, 2031 and July  30,  2030,  respectively. Adds a Few New Statutory Allocations.
https://lao.ca.gov/Publications/Report/5097

Assessing California’s Climate Policies—An Overview [Publication Details]

Dec 21, 2018 - Garcia) requires our office to annually report on the economic impacts and benefits of California’s statutory greenhouse gas (GHG) emission goals—statewide emissions to 1990 levels by 2020 and to 40 percent below 1990 levels by 2030.
https://lao.ca.gov/Publications/Detail/3911

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