A roadmap to deliver results for working Californians and the climate — without delay

Cap-and-Invest is California’s most cost-effective program to reduce climate-altering pollution while keeping costs down for families. Meeting this responsibility in the near-term falls on the California Air Resources Board’s (CARB) rulemaking process.

More ambitious, balanced results in reach

Modeling shows CARB can deliver:

✅ Pollution cuts — 180 million tons of emissions between 2027-20310
✅ Affordability gains for working Californians — $2.8 billion for families earning $70,000 or less
✅ Funding to support the Greenhouse Gas Reduction Fund — $1.4 billion more through 2045.

Faster emissions cuts are affordable

The price of emissions per ton in the Cap-and-Invest allowance market have hovered at or slightly above the price floor this past year, showing a tighter cap is the logical next step to recalibrate benefits from Cap-and-Invest.

We can’t afford more delay

The extension of Cap-and-Invest through AB 1207 last year requires the program, at a minimum, to align with the achievement of California’s emissions reduction targets for 2030 and 2045. Delaying this process has already resulted in a loss of ambition compared to CARB’s previous proposals — California can’t afford to wait any longer.

Time to deliver, again

California has a proven track record of reducing emissions while growing the state’s economy. From 2000-2023, the state’s emissions fell 21% while the California economy grew 81%. As federal leaders double down on failed policies deepening our reliance on volatile energy sources that squeeze our wallets and fuel the climate crisis, California can continue showing another way is possible.