Cap-and-Invest: November 2025 Auction Update and 2026-27 Budget Context

Dec 9, 2025 - This amount includes a total of $3.2  billion for various identified programs and purposes, $1  billion set aside for unspecified programs subject to appropriation, and roughly $100  million for state administrative costs.
https://lao.ca.gov/Publications/Report/5096

The 2025-26 California Spending Plan: Proposition 4

Oct 16, 2025 - The 2025-26 California Spending Plan: Proposition 4 $3,470 35% a $181 million of this amount was provided through Chapter 2 of 2025 (AB 100, Gabriel) and was available for administering departments to expend beginning in April 2025.
https://lao.ca.gov/Publications/Report/5076

The 2026-27 Budget: Proposition 4 Spending Plan

Feb 10, 2026 - This amount was approved via three different 2025 budget actions: (1) $181  million provided through Chapter  2 of 2025 (A B  100 , Gabriel) (these funds were available for departments to spend during the final few months of 2024 ‑25), (2) $2.9  million through Chapter  5 of 2025 (A B  102 , Gabriel), and (3) $3.3  billion through Chapter  104 of 2025 (S B  105 , Wiener).
https://lao.ca.gov/Publications/Report/5115

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

Oct 16, 2025 - The 2025-26 spending plan provides $178  million in multiyear authority —$100  million in 2025-26, $60  million in 2026-27, $12  million in 2027-28, and $6  million in 2028-29 —for the final installment plus a separate $2  million federal reimbursement agreement.
https://lao.ca.gov/Publications/Report/5080

The 2022-23 Budget: Clean Energy Package

Feb 22, 2022 - Some projects will also focus on much longer durations in the range of 20 to 100 hours. For context, a recent analysis from the state ’s energy agencies found that there is a need for a minimum of about 1,000  MW of long ‑duration storage by 2030 and 4,000 MW by 2045 to meet the state ’s S B  100 goals of 100  percent zero ‑carbon electricity.
https://lao.ca.gov/Publications/Report/4554

The 2026-27 Budget: Proposed Zero-Emission Vehicle Incentive

Feb 24, 2026 - To help the state meet its climate goals and air quality requirements, the Governor signed an Executive Order in 2020 establishing various ZEV goals, including that 100 percent of in‑state sales of new passenger cars and trucks be zero emission by 2035.
https://lao.ca.gov/Publications/Report/5140

The 2026-27 Budget: Framework for Approaching the Natural Resources, Environmental Protection, and Agriculture Budget

Feb 10, 2026 - However, the Legislature could consider shifting a portion of activities from the proposed General Fund loan to the environmental fee (a tiered charge on statewide businesses with 100 or more employees) that supports TSCA.
https://lao.ca.gov/Publications/Report/5116

Summary of Major 2022 Climate and Energy Legislation

Jan 6, 2023 - Chapter  361 of 2022 (SB  1020, Laird): Sets Targets on the Path Towards 100  Percent Clean Electricity Sales by 2045. Senate Bill  1020 sets interim requirements for electricity sales on the way to achieving the 2045 target established by SB  100.
https://lao.ca.gov/Publications/Report/4660

The 2023-24 Budget: Proposed Energy Policy Changes

Mar 10, 2023 - Specifically, Chapter 312 of 2018 (SB 100, de León) established a state policy that 100 percent of retail electricity come from zero‑carbon sources by 2045. The Legislature set interim targets on the path to this goal via Chapter 361 of 2022 (SB 1020, Laird), which requires 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/4735

The 2023-24 California Spending Plan: Resources and Environmental Protection

Oct 16, 2023 - Specifically, SB  846 directed CEC to develop the CERIP and expressed intent to provide $1  billion from the General Fund to support its implementation, with the first $100  million installment to be provided in 2023 ‑24.
https://lao.ca.gov/Publications/Report/4807