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

May 7, 2025 - The board has indicated that it plans to propose new regulations that will further tighten the emissions cap by removing a greater number of allowances from the program in 2026 through 2030 than would currently be the case.
https://lao.ca.gov/Publications/Report/5042

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

Jan 4, 2023 - Covered entities can purchase these offsets and use them (instead of allowances) to cover some of their emissions (up to 4  percent of their emissions through 2025, and 6  percent of emissions from 2026 through 2030).
https://lao.ca.gov/Publications/Report/4656

The 2023-24 Budget: Proposed Energy Policy Changes

Mar 10, 2023 - CPUC also has expanded its allowed time lines for LSEs to secure new energy resources in recognition of the timing difficulties in bringing these resources online. For  instance, in February 2023, CPUC extended its deadline for a new procurement order that totals  4,000 MW of additional energy capacity from 2026  to 2028.
https://lao.ca.gov/Publications/Report/4735

Summary of Major 2022 Climate and Energy Legislation

Jan 6, 2023 - The legislation requires DGS, in consultation with CARB, to publish a plan no later than 2026 that includes actions and investments for how state agencies can reach the target of net-zero emissions in their operations.
https://lao.ca.gov/Publications/Report/4660

Assessing Early Implementation of Urban Water Use Efficiency Requirements

Jan 4, 2024 - Suppliers would have to achieve 20  percent compliance by 2026, at least 60  percent compliance by 2028, and 100  percent by 2030. After that, they would have to maintain at least 95  percent compliance on an annual basis.
https://lao.ca.gov/Publications/Report/4823

The 2025-26 Budget: Proposition 4 Spending Plan

Feb 12, 2025 - For example, CalFire maintains an incident reporting dashboard, and the Salton Sea Management Program presents updates annually to SWRCB, prepares a yearly report, and mainta ins an online project tracker.
https://lao.ca.gov/Publications/Report/4958

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

Mar 2, 2023 - As the program nears its current statutory expiration date of 2030, various factors could affect cap-and-trade auction revenues. We discuss such issues in our December 2021 Cap-and-Trade Auction Update and GGRF Projections post.
https://lao.ca.gov/Publications/Report/4730

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

Jan 7, 2025 - In accordance with Chapter  61, CPUC issued a decision in May 2024 that will impose some fixed charges on IOU customers starting in late 2025 or early 2026. Notably, the magnitude of these charges —roughly $24 per month for non ‑CARE customers and $6 per month for CARE customers —is roughly in line with the amounts charged by various POUs in the state.
https://lao.ca.gov/Publications/Report/4950

Cap-and-Trade Extension: Issues for Legislative Oversight

Dec 12, 2017 - In response to these concerns, A B 398 directs CARB to reduce the offset limit to 4  p ercent from 2021 t hrough 2025 and to 6  p ercent from 2026 t hrough 2030. The bill also requires that no more than half of these offsets can come from projects that do not provide direct environmental benefits in California (non ‑direct offsets).
https://lao.ca.gov/Publications/Report/3719