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The California Air Resources Board (ARB) held a public workshop on October 2, 2015 to discuss potential changes to the Cap-and-Trade program.  These include improved program efficiencies for offsets, auctions, and information management system administration.  The changes are also focused on aligning with the U.S. Environmental Protection Agency's (USEPA) Clean Power Plan.  An ARB initial staff report is expected in May 2016 following upcoming workshops.  The proposed amendments are targeted to be effective October 2017.

ARB also held public workshops this fall to discuss how 2017-18 Greenhouse Gas Reduction Funds (GGRF) will be distributed with the Second Investment Plan.  The goals of the plan include reducing climate pollutants, helping disadvantaged communities, increasing rural contribution, and maximizing co-benefits.  Two highlighted plan strategies are integrating project strategies for disadvantaged communities and maximizing investment through efficient financing mechanisms.  A draft version of the plan is available here.  Comments on the draft plan will be heard at the December Board Hearing.  After further comment review, the final version will be presented to the Legislature in January 2016.