The 2017-18 Budget: Cap-and-Trade

Feb 13, 2017 - Also, each company still has an incentive to reduce emissions if doing so is less than the price of an allowance in the market. However, the distribution of allowances can have significant indirect effects, such as effects on leakage of emissions to outside of California and how the costs and benefits of the program are distributed.
https://lao.ca.gov/Publications/Report/3553

The 2022-23 Budget: Cap-and-Trade Revenue Update

Apr 29, 2022 - If current prices for allowances on the secondary market remain steady over the coming weeks, we expect revenue from the May auction will continue to track closely to our base forecast—which would result in an additional $400 million above the Governor’s budget assumptions.
https://lao.ca.gov/Publications/Report/4591

The 2020-21 Budget: Addressing Revenue Uncertainty in the 2020-21 Cap-and-Trade Expenditure Plan

Jun 4, 2020 - The Legislature could direct the administration to provide information on the potential market or operational impacts COVID-19 might have on programs ’ ability to spend the funding in the next year. Are Continuous Appropriations Still Consistent With Legislature ’s Priorities?
https://lao.ca.gov/Publications/Report/4250

New Federal Toxics Law Could Have Future Implications for State

Oct 5, 2016 - In addition, the new law allows EPA to charge fees on manufacturers (up to $25  million in revenue annually) to offset evaluation costs and requires the agency to evaluate new chemicals before they can be brought to the market.
https://lao.ca.gov/Publications/Report/3504

Cap-and-Trade Extension: Issues for Legislative Oversight

Dec 12, 2017 - It is sometimes called a soft price ceiling because market prices could still exceed the ceiling after all of the APCR allowances are purchased. Since the overall number of allowances available is still limited, there is still a fixed limit on overall emissions in the capped sector.
https://lao.ca.gov/Publications/Report/3719

Allocating Utility Wildfire Costs: Options and Issues for Consideration

Jun 21, 2019 - Some investor risk would still remain because investors would still be liable if a utility is determined to be negligent. A recent report by Moody ’s stated that this change would have a strongly positive impact on utilities ’ credit ratings.
https://lao.ca.gov/Publications/Report/4079

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

May 7, 2025 - For example, it could increase the number of free allowances it provides to electric utilities to sell on the market, enabling them to generate more revenue for customer bill credits such as the California Climate Credit.
https://lao.ca.gov/Publications/Report/5042

The 2023-24 Budget: Proposed Energy Policy Changes

Mar 10, 2023 - Market Effects of Central Procurement. Under the proposal, DWR would be able to procure energy resources on behalf of the state and LSEs if requested by CPUC. The current market for energy resources is strained, with a large number of LSEs competing for a relatively small pool of projects that often will take years to develop.
https://lao.ca.gov/Publications/Report/4735

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

Feb 12, 2025 - Predicting how the cap ‑and ‑trade market will behave and forecasting corresponding GGRF revenues are always subject to some uncertainty. However, a couple of factors may contribute to more uncertainty than usual for this exercise over the next several years.
https://lao.ca.gov/Publications/Report/4960

Assessing California’s Climate Policies—An Overview

Dec 21, 2018 - For example, if the funds were rebated to households on a lump ‑sum basis, many households could actually have more money as a result of the transfer and still have an incentive to lower their fuel consumption.
https://lao.ca.gov/Publications/Report/3911