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

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

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

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