March 2, 2023 - This post summarizes the Cap-and-Trade Expenditure Plan and Greenhouse Gas Reduction Fund revenue estimates.
March 30, 2023 - Presented to: Senate Budget and Fiscal Review Subcommittee No. 2 on Resources, Environmental Protection and Energy
January 25, 2022 - In this post, we describe the Governor's cap-and-trade expenditure plan, evaluate the revenue assumptions used to determine the amount of funding available, and identify issues for legislative consideration.
December 6, 2021 - Revenue from quarterly cap‑and‑trade auctions is deposited in the Greenhouse Gas Reduction Fund (GGRF), and the funds are allocated to various climate‑related programs. In this post, we (1) summarize the results from the recent November 2021 cap‑and‑trade auction, (2) estimate future GGRF revenue and the amount available for discretionary spending under three different scenarios, and (3) identify issues for legislative consideration as it begins its 2022‑23 budget deliberations.
February 14, 2018 - In this report, we assess many of the Governor’s budget proposals in the resources and environmental protection areas and recommend various changes. Below, we summarize our major findings and recommendations. We provide a complete listing of our recommendations at the end of this report.
February 13, 2024 - Presented to: Senate Environmental Quality Committee Senate Budget and Fiscal Review Subcommittee No. 2 on Resources, Environmental Protection and Energy
February 13, 2020 - This report assesses the Governor’s major 2020-21 budget proposals related to climate change. The four proposals we evaluate are the Governor's (1) cap-and-trade expenditure plan ($965 million), (2) expanded climate adaptation research and technical assistance activities ($25 million), (3) new Climate Catalyst loan fund ($250 million), and (4) climate bond ($4.75 billion).
February 22, 2023 -
This report describes the Governor’s proposed budget solutions within climate, resources, and environmental programs, and provides the Legislature with a framework and suggestions for how it might modify those proposals to better reflect its priorities and prepare to address a potentially larger budget problem.
Correction (4/27/23): The amounts in Figure 1 for Wildfire and Forest Resilience and Nature-Based Activities and Extreme Heat have been corrected.
February 14, 2024 - This report describes the Governor’s proposed budget solutions within climate, resources, and environmental programs, and provides the Legislature with suggestions for how it might modify the spending plan to better reflect its priorities and prepare to address a potentially larger budget problem.
January 4, 2023 - This brief evaluates the California Air Resources Board's plan for achieving statewide 2030 greenhouse gas reduction goals.
October 24, 2023 - This post answers commonly asked questions about cap-and-trade—one of the state’s key programs to address greenhouse gas emissions—and the Greenhouse Gas Reduction Fund.