The California Air Resources Board is revising its cap-and-invest proposal to better balance climate targets with economic stability. Key updates include $10 billion in electricity bill credits through 2030 and $800 million in additional compliance support for sectors like steel, cement, and food processing. A new manufacturing decarbonization incentive will fund facility upgrades and fuel switching to reduce pollution. These changes aim to prevent industry leakage and maintain fuel supply reliability while the state pursues carbon neutrality by 2045.
