Bill > SB840

This bill makes several key changes to California's existing greenhouse gas emissions reporting and oversight mechanisms. It extends indefinitely the requirement for the Legislative Analyst's Office to annually report to the Legislature on the economic impacts and benefits of greenhouse gas emissions targets, removing the previous January 1, 2030 sunset date. The bill also modifies the Independent Emissions Market Advisory Committee's responsibilities by requiring the committee to review the Legislative Analyst's Office's annual report during a public hearing. The committee, which was previously set to expire on January 1, 2031, continues to be responsible for reporting on the environmental and economic performance of greenhouse gas regulations. Additionally, the bill expresses the Legislature's intent to potentially reform and extend the market-based compliance mechanism for reducing greenhouse gas emissions, which currently applies from 2021 to 2030. These changes are part of California's ongoing efforts to reduce greenhouse gas emissions and monitor the economic implications of climate change policies, building on the California Global Warming Solutions Act of 2006 which aims to reduce emissions to at least 40% below 1990 levels by 2030.

Agriculture and Natural Resources, Budget and Finance

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB840