On October 29, 2025, the California Air Resources Board (CARB) held a workshop to discuss potential amendments to its Cap-and-Invest Program, outlining plans for a faster …
CARB's Cap-and-Invest updates: 118.3M allowances removed by 2030, a 2045 cap endpoint of 30.3M allowances, and key questions on allowance removal for offset usage.
The notice indicated CARB will consider the new legislative direction and will build on the public process already underway.
Votes Still to come and Legislative Activity Likely to Extend into Saturday
California budget revisions include a proposal to extend the program through to 2045 and renamed the program from “Cap-and-Trade” to “Cap-and-Invest”