California has reached the conclusion of its first iteration of the Climate Commitment. What began in 2022 as a 5-year $54 billion investment plan has shrunk to $45 billion – at most – and changed considerably since then, but still represents a massive new investment in climate action.

Our report analyzes these changes and provides recommendations for how the state can better budget for climate investments and pay the costs of cleaning up climate pollution going forward, in a manner that reflects the increasing costs to Californians from climate disasters and the ebb and flow of limited taxpayer revenues.

Read the Full Report