February 23, 2026 Joint Legislative Committee on Climate Change Policies

Joint Legislative Committee on Climate Change Policies (California State Assembly and Senate) · February 23, 2026

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2:21:24

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30:00

1:00:00

1:30:00

2:00:00

2:20:00

Opening remarks and framing

Presentation

1:37 → 2:20(44s)

Chair convenes the joint legislative committee and frames the hearing around California’s Cap and Invest program (formerly cap-and-trade), its decade-plus operation, and recent reauthorization; emphasizes the program’s role in state climate goals and international reputation. Chair notes CARB’s proposed amendments and open public comment period.

Keywords:

Speakers:Unidentified Speaker (chair)

Joint legislative committee hearing on California’s Cap and Invest (formerly cap-and-trade) rulemaking, focused on CARB’s proposed amendments to implement AB 1207 and SB 840, timing for adoption, allowance allocation between utilities, industry, and the Greenhouse Gas Reduction Fund, and implications for affordability and leakage.

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Transcript

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