California Air Resources Board Public Meeting
The California Air Resources Board convened to discuss proposed amendments to the regulation for mandatory reporting of greenhouse gas emissions and the Cap-and-Invest Program, formerly known as the Cap-and-Trade Regulation. Key discussion topics included the alignment of the program with 2030 and 2045 climate targets, the implementation of legislative mandates, support for electricity affordability through the California Climate Credit, and the establishment of a Manufacturing Decarbonization Incentive allocation fund to accelerate on-site emission reductions at industrial facilities. The board also addressed market safeguard enhancements, the removal of excess allowances, and the transition of gas utility allocations to support electric utilities.