Regulation ChangeLiveLive Regulation
CARB adopts Cap-and-Invest Program updates with September 2026 effective date
California Cap-and-Invest ProgramCalifornia Air Resources BoardCalifornia
Announced
May 28, 2026
Effective
Sep 1, 2026
Implementation
Sep 1, 2026
Description
CARB adopted updates to California's Cap-and-Invest Program extending it through 2045, implementing long-term allowance budgets beyond 2030, transferring free allowances from natural gas to electric utilities, maintaining industry free allowances, and enhancing market manipulation protections. The updates include post-2030 allowances added to the Allowance Price Containment Reserve. Estimated compliance costs are $124 billion over 20 years with projected benefits of $180.7 billion statewide.
Key Findings
CARB adopts Cap-and-Invest Program updates with September 2026 effective date
 # California Air Resources Board ## Main navigation ## CARB adopts updates to California’s Cap-and Invest Program to support affordability and align with climate goals *For immediate release* ## Contacts ## Categories **What you need to know:** Following the Legislature’s enactment last year of laws extending California’s Cap-and-Invest Program throug