CaliforniaCarbon Dioxide Removal Purchase Program.
What it does
Existing law establishes the State Air Resources Board as the state agency responsible for monitoring and regulating sources emitting greenhouse gases. Existing law requires the state board to establish a Carbon Capture, Removal, Utilization, and Storage Program, as provided, to evaluate the efficacy, safety, and viability of carbon capture, utilization, or storage technologies and carbon dioxide removal technologies and facilitate the capture and sequestration of carbon dioxide from those technologies, where appropriate. Existing law requires the Secretary of the Natural Resources Agency, in consultation with the state board, to publish a framework for governing agreements regarding 2 or more tracts of land overlying the same geologic storage reservoir or reservoirs for purposes of managing, developing, and operating a carbon dioxide capture, removal, or sequestration project, as provided.
More detail
This bill would require the state board to establish and administer the Carbon Dioxide Removal Purchase Program as a competitive grant process for eligible carbon dioxide removal projects, as specified. The bill would require the state board, on or before January 1, 2028, and annually thereafter, to conduct and publish on its internet website a survey of carbon dioxide removal projects existing or in development within the state, and, on or before December 31, 2027, and annually thereafter, until December 31, 2035, to publish on its internet website a report describing Carbon Dioxide Removal Purchase Program activities completed and carbon dioxide removal projects to date, as specified. The bill would require the state board, on or after July 1, 2026, but on or before December 31, 2035, to fund carbon dioxide removal projects in an amount totaling $50,000,000. The bill would authorize up to 10% of that amount to be used to supplement necessary administrative costs in establishing the program. The bill would prohibit carbon dioxide removal projects from exceeding $25,000,000 of grants toward qualified carbon dioxide removals in any one of specified project categories or $12,500,000 of grants towards any one individual carbon dioxide removal project sponsor, except as specified. The bill would require that eligible carbon dioxide removal projects permanently retire the contracted tons of removed carbon dioxide from any future carbon dioxide removals credit issuance. The bill would require the state board, on or before January 1, 2028, to adopt guidelines, including the definition of an eligible carbon dioxide removal project, for the program, which the bill would require to be consistent with certain provisions governing carbon dioxide capture, removal, or sequestration projects, as specified. The bill would make implementation of these provisions contingent upon an appropriation by the Legislature for purposes of the program. The bill would require all funds to be available for encumbrance or expenditure until June 30, 2035, and to be available for liquidation until June 30, 2035.
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Where it stands
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 2Veto sustained.Latest
- Mar 2Stricken from file.
- 2025
- Oct 13In Senate. Consideration of Governor's veto pending.
- Oct 13Vetoed by the Governor Gavin Newsom.Major
- Sep 23Enrolled and presented to the Governor at 2 p.m.To Governor
- Sep 12Assembly amendments concurred in. (Ayes 37. Noes 0. Page 2986.) Ordered to engrossing and enrolling.Major
- Vote recorded Unfinished Business SB643 Caballero et al. Concurrence. Result: pass.Upper
- Sep 12In Senate. Concurrence in Assembly amendments pending.
- Sep 11Read third time. Passed. (Ayes 78. Noes 1. Page 3274.) Ordered to the Senate.Passed Assembly
- Vote recorded SB 643 Caballero Senate Third Reading By Petrie-Norris. Result: pass.Lower
- Sep 3Ordered to third reading.Minor
- Sep 3Read third time and amended.Major
- 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 17From committee: Do pass and re-refer to Com. on APPR. (Ayes 18. Noes 0.) (July 16). Re-referred to Com. on APPR.Minor
- Jul 17Coauthors revised.
- Jul 16
- Vote recorded Do pass and be re-referred to the Committee on [Appropriations]. Result: pass.Lower
- Jul 9July 9 set for first hearing canceled at the request of author.
- Jul 8From committee: Do pass and re-refer to Com. on U. & E. (Ayes 12. Noes 0.) (July 7). Re-referred to Com. on U. & E.Minor
- Jul 7
- Vote recorded Do pass and be re-referred to the Committee on [Utilities and Energy]. Result: pass.Lower
- Jun 27Assembly Rule 56 suspended.
- Jun 26From committee with author's amendments. Read second time and amended. Re-referred to Com. on NAT. RES.Major
- Jun 9Referred to Coms. on NAT. RES. and U. & E.Minor
- Jun 4In Assembly. Read first time. Held at Desk.Minor
- Jun 3Read third time. Passed. (Ayes 37. Noes 0. Page 1444.) Ordered to the Assembly.Passed Senate
- Vote recorded 3rd Reading SB643 Caballero 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 1208.) (May 23).Minor
- May 20Set for hearing May 23.
- May 19May 19 hearing: Placed on APPR. suspense file.
- Vote recorded Placed on suspense file. Result: pass.Upper
- May 9Set for hearing May 19.
- May 5Read second time and amended. Re-referred to Com. on APPR.Major
- May 1From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 0. Page 964.) (April 30).Major
- Apr 30
- Vote recorded Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations]. Result: pass.Upper
- Apr 2Set for hearing April 30.
- Mar 26Re-referred to Com. on E.Q.Minor
- Mar 26Withdrawn from committee.Major
- Mar 26April 7 hearing postponed by committee.
- Mar 25From committee with author's amendments. Read second time and amended. Re-referred to Com. on E., U & C.Major
- Mar 24Set for hearing April 7.
- Mar 5Referred to Coms. on E., U & C. and E.Q.Minor
- Feb 21From printer. May be acted upon on or after March 23.
- Feb 20Introduced. Read first time. To Com. on RLS. for assignment. To print.Introduced