California Air Resources Board

The California Air Resources Board (CARB) invites interested parties to submit comments and participate in a public workshop on potential updates to the California Cap-and-Trade Program. The Cap-and-Trade Regulation establishes a declining limit on major sources of GHG emissions throughout California, and it creates a powerful economic incentive for significant investment in cleaner, more efficient technologies. The regulation is one of the measures adopted by CARB, pursuant to Health and Safety Code Sections 38500-38599 (AB 32) to reduce California’s greenhouse gas emissions and advance the State’s climate goals.

This workshop is on potential updates to the California Cap-and-Trade Program. CARB staff will present on allowance budget scenarios and concepts related to the overall distribution of allowances, including industrial allowance allocation and the use of allowance value by natural gas suppliers and electrical distribution utilities.