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

The 2014-15 Budget: Cap-and-Trade Auction Revenue Expenditure Plan

AB 32 COI Fee. The ARB ’s 2008 Scoping Plan considers several uses of cap –and –trade revenue, including the potential use of auction revenue to support the costs of administering AB 32. As we described above, such administrative costs are currently paid by the AB 32 COI fee.
https://lao.ca.gov/reports/2014/budget/cap-and-trade/auction-revenue-expenditure-022414.aspx

LAO Publications

Specifically we were asked to look at the costs California would likely incur fo llowing the implementation of AB 32 through the California Air Resource Board’s Scoping Plan, compared to states that do not have similar policies in place.
https://lao.ca.gov/Publications?page=152&year=0&productid=0&categoryid=0

^[PDF] The 2016-17 Budget: Resources and Environmental Protection. Summary of Recommendations Excerpt.

Air Resources Board Various proposals to achieve Governor’s post-2020 GHG goals $3.2 million from the AB 32 Cost of Implementation Account and 13 positions to implement three proposals related to the Clean Truck and Bus standards, the Advanced Clean Cars program, and the Short-Lived Climate Pollutants (SLCP) strategy.
https://lao.ca.gov/reports/2016/3354/summary-of-recommendations.pdf

^[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

^[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