Contact:
John Myers, CalChamber
john.myers@calchamber.com
Lance Hastings, CMTA
lhastings@cmta.net
(May 30, 2025) Sacramento, CA – On Thursday, the California Air Resources Board released the results of the May 21 quarterly sale of carbon emissions credits, showing prices substantially below where they were for the last quarterly auction in February.
CalChamber and the California Manufacturers & Technology Association released the following comment in response to those results:
“California’s carbon market is at a crossroads.
“The most recent auction of emissions credits was a clear sign that the unsettled fate of the state’s cap-and-trade program, a historic call to arms in addressing the existential environmental dangers of climate change, is fueling a growing sense of economic uncertainty.
“Businesses make long-term decisions on how to invest their capital based on costs. CalChamber and its partners are urging the Legislature to take action and authorize a simple, ‘clean’ extension of the cap-and-trade program through 2045.
“The longer the landmark program’s future remains in limbo, the harder it becomes for business and regulators alike to know how the carbon market will affect the state’s economic and environmental bottom line.”
