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

May 7, 2025 - Assembly Bill  32 gave CARB almost complete discretion over how to design the cap ‑and ‑trade program. Since the program ’s establishment, much of the Legislature ’s role has revolved around how to spend GGRF revenues, including establishing ongoing statutory allocations and selecting discretionary allocations on an annual basis.
https://lao.ca.gov/Publications/Report/5042

Assessing California’s Climate Policies: Cap-and-Trade Reauthorization [Publication Details]

May 7, 2025 - This report is intended to help inform legislative decision-making around reauthorization of the cap-and-trade program. It is submitted pursuant to Chapter 135 of 2017 (AB 398, Garcia), which requires our office to report annually on the economic impacts and benefits of the state’s greenhouse gas emissions reduction targets.
https://lao.ca.gov/Publications/Detail/5042

California’s Cap-and-Trade Program: Frequently Asked Questions

Oct 24, 2023 - Chapter  488 of 2006 (AB  32, N ú ñez) established the target of limiting GHG emissions statewide to the 1990 level by 2020. 2030.  Chapter  249 of 2016 (SB  32, Pavley) extended the limit to at least 40  percent below the 1990 level by 2030. 2045.  
https://lao.ca.gov/Publications/Report/4811

Assessing California’s Climate Policies—Residential Electricity Rates in California [Publication Details]

Jan 7, 2025 - This report explores key questions that frequently emerge around residential electricity rates in California, including why electricity rates are relatively high, some resulting implications for ratepayers and state climate change goals, and notable emerging issues.
https://lao.ca.gov/Publications/Detail/4950

Assessing California’s Climate Policies—Residential Electricity Rates in California

Jan 7, 2025 - Chapter  488 of 2006 (A B  32 , N ú ñez) established the goal of limiting GHG emissions statewide to  1990 levels by 2020. In 2016, Chapter  249 (S B  32 , Pavley) extended the limit to  40  percent below  1990 levels by  2030.
https://lao.ca.gov/Publications/Report/4950

The 2023-24 Budget: Proposed Energy Policy Changes

Mar 10, 2023 - Emissions have decreased since AB 32 was enacted and the state achieved its 2020 goal a year early. However, the rate of reductions needed to reach the SB 32 target are much greater. Chapter 337 of 2022 (AB 1279, Muratsuchi) established an additional objective, requiring the state to achieve carbon neutrality by 2045.
https://lao.ca.gov/Publications/Report/4735

Summary of Major 2022 Climate and Energy Legislation

Jan 6, 2023 - Chapter  488 of 2006 (AB  32, N ú ñez) established the goal of limiting GHG emissions statewide to 1990 levels by 2020 and gave CARB regulatory authority to achieve the maximum cost-effective and technologically feasible emissions reductions.
https://lao.ca.gov/Publications/Report/4660

Cannabis Tax Revenue Update [EconTax Blog]

May 31, 2024 - Looking further ahead, our preliminary revenue projection for 2024-25 is $727 million, which is $32 million above the May Revision forecast for 2024-25.  
https://lao.ca.gov/LAOEconTax/Article/Detail/805

Cannabis Tax Revenue Update [EconTax Blog]

May 31, 2024 - Looking further ahead, our preliminary revenue projection for 2024-25 is $727 million, which is $32 million above the May Revision forecast for 2024-25.  
https://lao.ca.gov/LAOEconTax/article/Detail/805

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

Feb 12, 2025 - The two proposals  include: Clean Energy Reliability Investment Plan (CERIP) Fund Shift ($32   Million Shift From GGRF to Proposition   4). The Governor proposes shifting $32  million of planned spending to implement CERIP from GGRF to Proposition  4.
https://lao.ca.gov/Publications/Report/4960