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

May 7, 2025 - Some recent modeling suggests that reauthorization likely will put upward pressure on prices and potentially lead to them reaching the price ceiling over the next several years. As  highlighted in the figure, in the hypothetical scenario of allowance prices reaching the price ceiling, we estimate that cap ‑and ‑trade would contribute roughly 74 cents per gallon to gasoline
https://lao.ca.gov/Publications/Report/5042

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 2023-24 Budget: Department of Water Resources

Mar 2, 2023 - Essentially, it will want to consider whether it wants to make reductions—either those proposed by the Governor or equivalent alternatives—to free up resources for these flood projects. Flood and Levee Proposals Might Meet That Higher Bar.
https://lao.ca.gov/Publications/Report/4725

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

Feb 10, 2026 - Moreover, the state already funds a number of other free state parks pass programs, including for lower ‑income residents who may face more barriers to access. California Air Resources Board (CARB): Zero ‑Emission Vehicle (ZEV) Incentive Program.
https://lao.ca.gov/Publications/Report/5116

The 2025-26 Budget: Natural Resources and Agriculture Discretionary Spending Proposals

Feb 18, 2025 - The California State Parks Library Pass Program provides free access to state parks through 33,000 passes that can be checked out from public library branches throughout the state. Passes can be checked out by all library card holders.
https://lao.ca.gov/Publications/Report/4967

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

Dec 9, 2025 - For example, under these pieces of legislation, CARB continues to have authority to set the level of the program ’s price ceiling and floor, the total number of allowances issued, and the share of allowances to sell versus provide for free to industry and utilities.
https://lao.ca.gov/Publications/Report/5097

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

Mar 19, 2026 - As noted earlier, LCI ’s transition to the civil service model has resulted in additional administrative workload to comply with state law, including related to EEO and collective bargaining. Through its approval of budget requests in 2023-24, the Legislature essentially signed off on this change in approach.
https://lao.ca.gov/Publications/Report/5167

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

Feb 24, 2026 - Additionally, APCF potentially could be used to support some activities currently being funded with GGRF, thereby freeing up those dollars to help fund other priorities. ZEV Proposal Does Not Meet High Bar for New Expenditures.
https://lao.ca.gov/Publications/Report/5140

The 2024-25 Budget: CalFire—Implementation of a 66-Hour Workweek

Mar 19, 2024 - Would Adopt a Platoon Staffing Model. In  addition to moving the department towards greater year ‑round staffing of engines, the additional permanent personnel would allow CalFire to adjust its staffing rotation to a platoon model (subject to further bargaining with Unit 8).
https://lao.ca.gov/Publications/Report/4886

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