The California Global Warming Solutions Act of 2006 requires the State Air Resources Board to determine what the statewide greenhouse gas emissions level was in 1990 and approve in a public hearing a statewide greenhouse gas emissions limit that is equivalent to that level, to be achieved by 2020. The act requires the state board, in adopting rules and regulations to achieve the maximum technologically feasible and cost-effective greenhouse gas emissions reductions to ensure that the statewide greenhouse gas emissions are reduced to at least 40% below the 1990 levels no later than December 31, 2030. The act requires the Legislative Analyst's Office, until January 1, 2030, to annually submit to the Legislature a report on the economic impacts and benefits of those greenhouse gas emissions reduction targets. The act, until January 1, 2031, establishes the Independent Emissions Market Advisory Committee and requires the committee to annually report to the state board and the Joint Legislative Committee on Climate Change Policies on the environmental and economic performance of the regulations establishing the market-based compliance mechanism and other relevant climate change policies.
This bill would extend indefinitely the requirement for the Legislative Analyst's Office to annually submit to the Legislature the report on the economic impacts and benefits of those greenhouse gas emissions targets. The bill would require the committee, at a public hearing, to review the annual report by the Legislative Analyst's Office.

Statutes affected:
03/26/25 - Amended Senate: 38591.2 HSC, 38591.2 HSC, 38592.6 HSC, 38592.6 HSC