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

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

^[PDF] 2008-09 Cal-EPA Budget Overview

. + $5.6 million (Air Pollution Control Fund) for implementation of greenhouse gas emission reduction legislation (Chapter 488, Statutes of 2006 [AB 32, Nuñez]). A majority of this amount is for the study, evaluation, and development of the Low Carbon Fuel Standard measures.
https://lao.ca.gov/handouts/resources/2008/200809_CalEPA_Budget_Overview51208.pdf

LAO 2007 Budget Analysis: Public Utilities Commission (8660)

Climate Change Proposal Contrary to Legislative Direction In our analysis of “ Implementation of “AB 32”—Global Warming Solutions Act of 2006 ” in the “Crosscutting Issues” section of this chapter, we address a CPUC request to establish a “cap-and-trade” market mechanism for utilities as a greenhouse gas emission reduction strategy.
https://lao.ca.gov/analysis_2007/resources/res_17_8660_anl07.aspx

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

^[PDF] 2017-18 Cap-and-Trade Expenditure Plan

Richard Bloom, Chair 2017-18 Cap-and-Trade Expenditure Plan L E G I S L A T I V E A N A L Y S T ’ S O F F I C E August 23, 2017 1L E G I S L A T I V E A N A L Y S T ’ S O F F I C E August 23, 2017  The Global Warming Solutions Act of 2006 (Chapter 488 [AB 32, Núñez/Pavley])  Established the goal of reducing greenhouse gas (GHG) emissions statewide to 1990
https://lao.ca.gov/handouts/resources/2017/CapandTrade_Expenditure_Plan_082317.pdf

^[PDF] 2017-18 Cap-and-Trade Expenditure Plan

Bob Wieckowski, Chair 2017-18 Cap-and-Trade Expenditure Plan L E G I S L A T I V E A N A L Y S T ’ S O F F I C E August 24, 2017 1L E G I S L A T I V E A N A L Y S T ’ S O F F I C E August 24, 2017  The Global Warming Solutions Act of 2006 (Chapter 488 [AB 32, Núñez/Pavley])  Established the goal of reducing greenhouse gas (GHG) emissions statewide to 1990
https://lao.ca.gov/handouts/resources/2017/Senate-Cap-and-Trade-Expenditure-Plan-082417.pdf

^[PDF] (Analysis, page A-36.) resOurces  Governor’s

(Analysis, page A-36.) resOurces  Governor’s AB 32 Funding Plan: Not Responsive to Legislative Direction  The budget proposes $55 million, to continue implementation of the Global Warming Solutions Act of 2006 (commonly known as “AB 32”) to reduce the state’s greenhouse gas emissions.
https://lao.ca.gov/analysis_2008/highlights/pandi_highlights_022108.pdf

^[PDF] The Cap-and-Trade Program: Issues for Legislative Consideration

The program was established through Chapter 488 of 2006 (AB 32, Núñez) and renewed from 2020 to 2030 via Chapter 135 of 2017 (AB 398, E. Garcia). State Both Sells and Gives Away Emission Allowances. The California Air Resources Board (CARB) issues allowances equal to the cap, each of which is essentially a permit to emit one ton of carbon dioxide equivalent.
https://lao.ca.gov/handouts/resources/2024/Cap-and-Trade-Issues-021324.pdf

LAO 2010-11 Budget: Resources and Environmental Protection

For example: The ARB ’s plan to implement AB 32 (commonly referred to as the AB 32 Scoping Plan) includes a 33 percent RPS as one of its primary measures to achieve the state ’s greenhouse gas emission reduction goals.
https://lao.ca.gov/analysis/2010/resources/res_anl10.aspx