Signed by Governor Jerry Brown, Jr.

Vote Smart's Synopsis:

Vote to pass a bill that extends California's cap-and-trade climate policy until 2030.

Highlights:

• Authorizes the state government to set up a cap-and-trade style market to reduce greenhouse gas emissions (Sec. 2).

• Specifies that taxable greenhouse emissions include methane, oil, and natural gas production emissions (Sec. 10).

• Requires the State Air Resources Board to establish a price ceiling on fees for greenhouse gas emissions per metric ton (Sec. 4).

• Specifies that funds from carbon emission fees will be spent on projects including, but not limited to, the following (Sec. 6):

• Low and zero-carbon transportation alternatives;

• Promoting sustainable agricultural practices;

• Urban greening and preserving forest health; and

• Clean energy research.

• Prohibits air quality regulations from disproportionately impacting low-income communities (Sec. 4).

• Prohibits actions taken by the State Air Resources Board from conflicting with federal air quality standards (Sec. 4).

• Requires the state government to implement regulations to discourage speculation and avoid financial windfalls (Sec. 4).

• Establishes the Compliance Offset Protocol Task Force to assist the Air Resources Board in implementing a cap-and-trade system (Sec. 7).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that extends California's cap-and-trade climate policy until 2030.

Highlights:

• Authorizes the state government to set up a cap-and-trade style market to reduce greenhouse gas emissions (Sec. 2).

• Specifies that taxable greenhouse emissions include methane, oil, and natural gas production emissions (Sec. 10).

• Requires the State Air Resources Board to establish a price ceiling on fees for greenhouse gas emissions per metric ton (Sec. 4).

• Specifies that funds from carbon emission fees will be spent on projects including, but not limited to, the following (Sec. 6):

• Low and zero-carbon transportation alternatives;

• Promoting sustainable agricultural practices;

• Urban greening and preserving forest health; and

• Clean energy research.

• Prohibits air quality regulations from disproportionately impacting low-income communities (Sec. 4).

• Prohibits actions taken by the State Air Resources Board from conflicting with federal air quality standards (Sec. 4).

• Requires the state government to implement regulations to discourage speculation and avoid financial windfalls (Sec. 4).

• Establishes the Compliance Offset Protocol Task Force to assist the Air Resources Board in implementing a cap-and-trade system (Sec. 7).

Full Bill Text