CaliforniaGreenhouse gases: Greenhouse Gas Reduction Fund: studies.
What it does
The California Global Warming Solutions Act of 2006 requires the State Air Resources Board to adopt regulations for greenhouse gas emissions limits and emissions reduction measures to achieve the maximum technologically feasible and cost-effective reductions in greenhouse gas emissions in furtherance of achieving the statewide greenhouse gas emissions limit, as defined. The act authorizes the state board to revise regulations or adopt additional regulations to further the act. The act authorizes that state board to include in those regulations the use of a market-based compliance mechanism to comply with those regulations.
More detail
Existing law requires the state board, in regulations implementing the market-based compliance mechanism to, among other things, establish limits on the use of offset credits as a means for a covered entity to meet its compliance obligations. Existing law requires moneys collected by the state board from the auction or sale of allowances as part of a market-based compliance mechanism to be deposited in the Greenhouse Gas Reduction Fund and continuously appropriates a portion of the moneys in the fund for various purposes.
This bill would state the intent of the Legislature to direct specific percentages of the revenues deposited into the Greenhouse Gas Reduction Fund to individual funds dedicated to funding clean transportation, housing and community investment, clean air and water, wildfire prevention and resilience, agriculture, clean energy, and climate-focused innovation. The bill would make the continuous appropriations from the fund inoperative on July 1, 2026. The bill would, beginning with the 2026–27 fiscal year, allocate moneys in the fund in a specified priority and would continuously appropriate a certain amount of moneys in the fund for certain purposes.
This bill would require the state board, no later than December 31, 2026, to conduct a study and report to the Legislature evaluating and making recommendations on the use of offsets. The bill would require the state board, no later than January 1, 2029, to update all existing compliance offset protocols to reflect the best available science. The bill would require the state board, no later than January 1, 2034, and every 5 years thereafter, to evaluate all compliance offset protocols and to consider whether updates are necessary to ensure the protocols reflect the best available science.
This bill would declare that it is to take effect immediately as an urgency statute.
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Where it stands
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Sep 19Chaptered by Secretary of State. Chapter 121, Statutes of 2025.Latest
- Sep 19Approved by the Governor Gavin Newsom.Became Law
- Sep 15Enrolled and presented to the Governor at 2 p.m.To Governor
- Sep 13Assembly amendments concurred in. (Ayes 28. Noes 6. Page 3054.) Ordered to engrossing and enrolling.Major
- Vote recorded SB 840 Limón Third Reading Urgency By IRWIN. Result: pass.Lower
- Vote recorded W/O REF. TO FILE (Urgency Clause). Result: pass.Upper
- Sep 13Urgency clause adopted.Major
- Sep 13In Senate. Concurrence in Assembly amendments pending.
- Sep 13Read third time. Urgency clause adopted. Passed. (Ayes 59. Noes 15. Page 3486.) Ordered to the Senate.Passed Assembly
- Sep 12Assembly Rule 63 suspended. (Ayes 57. Noes 20. Page 3441.)
- Vote recorded Do pass. Result: pass.Lower
- Sep 12From committee: Do pass. (Ayes 10. Noes 2.) (September 12).Minor
- Sep 10Joint Rule 61 and 62(a) suspended. (Ayes 31. Noes 9. Page 2801.)
- Sep 10Joint Rule 62(a) suspended.
- Sep 10Re-referred to Com. on NAT. RES. pursuant to Assembly Rule 77.2.Minor
- Sep 10Ordered to third reading.Minor
- Sep 10Read third time and amended.Major
- Sep 9Joint Rule 61(a)(13) suspended. (Ayes 60. Noes 20. Page 3128.)
- Sep 2Read second time. Ordered to third reading.Minor
- Aug 29From committee: Do pass. (Ayes 15. Noes 0.) (August 29).Minor
- Vote recorded Do pass. Result: pass.Lower
- Aug 20August 20 set for first hearing. Placed on APPR. suspense file.
- Jul 15From committee: Do pass and re-refer to Com. on APPR. (Ayes 12. Noes 0.) (July 14). Re-referred to Com. on APPR.Minor
- Jul 14
- Vote recorded Do pass and be re-referred to the Committee on [Appropriations]. Result: pass.Lower
- Jun 9Referred to Com. on NAT. RES.Minor
- Jun 3In Assembly. Read first time. Held at Desk.Minor
- Jun 2Read third time. Passed. (Ayes 38. Noes 0. Page 1406.) Ordered to the Assembly.Passed Senate
- Vote recorded 3rd Reading SB840 Limón et al. Result: pass.Upper
- May 23Read second time. Ordered to third reading.Minor
- Vote recorded Do pass. Result: pass.Upper
- May 23From committee: Do pass. (Ayes 6. Noes 0. Page 1215.) (May 23).Minor
- May 16Set for hearing May 23.
- May 12May 12 hearing: Placed on APPR. suspense file.
- Vote recorded Placed on suspense file. Result: pass.Upper
- May 2Set for hearing May 12.
- May 1From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 0. Page 964.) (April 30). Re-referred to Com. on APPR.Minor
- Apr 30
- Vote recorded Do pass, but first be re-referred to the Committee on [Appropriations]. Result: pass.Upper
- Apr 17Set for hearing April 30.
- Apr 16April 23 set for first hearing canceled at the request of author.
- Apr 4Set for hearing April 23.
- Apr 2Re-referred to Com. on E.Q.Minor
- Mar 26From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.Major
- Mar 12Referred to Com. on RLS.Minor
- Feb 24Read first time.Minor
- Feb 24From printer. May be acted upon on or after March 24.
- Feb 21Introduced. To Com. on RLS. for assignment. To print.Introduced