State Carbon Programs Still Await a Direct Federal Challenge
Newsom's Climate Week announcement and Washington's newly finalized Cap-and-Invest rules put a three-way carbon market with California and Quebec on track for 2027, and …
WCI August 19, 2026 Auction Prices Break Above $32 as Market Anticipates Final Approval of California Regulations; Quebec has Published its Final Rule
CARB released its 2026 Annual Report on CCI in July 2026, highlighting the continued growth and impact of the state's Cap-and-Invest Program.
CBE filed a lawsuit against CARB in the Los Angeles County Superior Court. The lawsuit centers on the adequacy of the EIA and the MDI.
~13k new compliance offsets with an issuance date of June 23, 2026, across two projects.
Balancing tighter Cap-and-Invest rules and refinery closures, the MDI program aims to stabilize California’s industry and secure critical long-term buy-in.
This update will cover the major changes to the ISOR, implications for the program’s balances, and possible next steps in the Program Review process.
This week CARB published a draft Initial Statement of Reasons (ISOR) for the Cap-and-Invest Program Review