Maintaining Climate Integrity in California’s Cap and Invest Program

More info: https://theclimatecenter.org/events/m... The latest reforms to California’s Cap and Invest program are the most consequential in years, and the outcomes will shape the state’s climate trajectory through 2045. In this webinar, environmental leaders, academics, and carbon market experts will walk through key elements under negotiation, including reforms to the offsets program, potential linkage to Washington, the changes in the number of allowances in circulation, and the Manufacturing Decarbonization Incentive (MDI) and its potential impact on the state’s primary source for climate funding — the Greenhouse Gas Reduction Fund (GGRF). Decision-makers at the California Air Resources Board (CARB), the agency that oversees Cap and Invest, have given industry stakeholders far too much influence over the new regulations, putting funding for longstanding climate programs at risk. Throughout the discussion, we’ll return to the central question that should be guiding these rulemaking processes: how can California maintain climate integrity while balancing economic and political pressures on the program?