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

Dec 9, 2025 - For example, the new Climate Bureau could serve as a helpful resource to the Legislature, adding valuable capacity to conduct program reviews and evaluations that are independent of the Executive Branch.
https://lao.ca.gov/Publications/Report/5097

The 2026-27 Budget: Cap-and-Invest Expenditure Plan

Feb 10, 2026 - For example, CARB recently released draft regulations that propose to make various changes to the program—including to the total number of allowances issued and the allocation of those allowances across various purposes (such as GGRF and free allowances to utilities and industry)—that could affect GGRF revenues.
https://lao.ca.gov/Publications/Report/5114

The 2026-27 Budget: California Public Utilities Commission’s Implementation of AB 1207

Feb 10, 2026 - These free allowances are intended to protect electric consumers from significant cost increases associated with the program. To that end, utilities are required to consign most of these free allowances to auction and use the proceeds to provide rebates to consumer s, known as the “California Climate Credit. ” These rebates currently are provided to residential customers each year in April and October.
https://lao.ca.gov/Publications/Report/5120

The 2025-26 Budget: Proposition 4 Spending Plan

Feb 12, 2025 - Below, we discuss our recommendations to the Legislature, which we also summarize in Figure  5 . Figure 5 Summary of Recommendations for Proposition 4 Implementation Ensure Spending Plan Reflects Legislative Priorities.
https://lao.ca.gov/Publications/Report/4958

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

Feb 10, 2026 - The budget proposes $5  million in 2026 ‑27 and $5.4  million ongoing thereafter from the General Fund, along with three positions, for CDFW to operate two salmon hatcheries and conduct associated monitoring and research.
https://lao.ca.gov/Publications/Report/5116

The 2026-27 Budget: Governor’s Office of Land Use and Climate Innovation Proposals [Publication Details]

Mar 19, 2026 - The 2026-27 Budget: Governor’s Office of Land Use and Climate Innovation Proposals [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5167

Governor’s Proposed Elimination of Vacant Environmental Positions in Three Departments [Publication Details]

Mar 18, 2026 - Governor’s Proposed Elimination of Vacant Environmental Positions in Three Departments [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5160

The Bay-Delta Plan and Voluntary Agreements: Ensuring Effective Legislative Oversight [Publication Details]

Mar 18, 2026 - The Bay-Delta Plan and Voluntary Agreements: Ensuring Effective Legislative Oversight [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5163

Climate Change and Agriculture [Publication Details]

Mar 17, 2026 - Climate Change and Agriculture [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5158

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

May 7, 2025 - (This estimate is based on allowance scenarios CARB has identified as part of its forthcoming rulemaking and assumes that allowance prices remain between the current price floor and ceiling, adjusted by 5  percent annually, consistent with current CARB regulations.)
https://lao.ca.gov/Publications/Report/5042