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AB 1207 would tie cap‑and‑trade ceiling to the social cost of carbon; committee advances bill
3217705 · May 7, 2025
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Summary
AB 1207 would set the price ceiling in California’s cap‑and‑trade market to correspond with the social cost of carbon as assessed by the U.S. EPA. The author said the change would keep the program aligned with best available science; the committee moved the bill out with Republicans not voting.
On May 7, Assemblymember Erwin (presented by a member of his staff) introduced AB 1207, a bill to align the cap‑and‑trade program’s price ceiling with the social cost…
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