Notice of Public Availability of Draft Environmental Impact Analysis Prepared for the Proposed Amendments to the Regulation for the California Cap on Greenhouse Gas Emissions and Market-Based Compliance Mechanisms This notice announces the availability for public review and comment of the Draft Environmental Impact Analysis (EIA) for the Proposed Amendments to the Regulation for the California Cap on Greenhouse Gas Emissions and Market-Based Compliance Mechanisms (Proposed Amendments). The suite of Proposed Amendments works collectively to ensure the program provides the long-term price signal, appropriate incentives, and regulatory certainty to support the economy-wide deep decarbonization needed through mid-century. Most significantly, staff propose to revise allowance budgets through 2045 to support achieving the legislative GHG targets for 2030 and 2045. Approval of the Proposed Amendments, developed by the California Air Resources Board (CARB), would increase the stringency of the Program, intensifying incentives for covered entities to invest in GHG emissions reduction activities in the near-and long-term. CARB prepared a Draft EIA pursuant to its certified regulatory program to comply with the California Environmental Quality Act. The Draft EIA assesses the potential for significant adverse and beneficial environmental impacts associated with reasonably foreseeable actions taken in response to implementation of the Proposed Amendments. The 45-day public review and comment period starts January 23, 2026 and ends on March 9, 2026. Copies of the Draft EIA, the staff report, public notices, and other related documents may be accessed on CARB's website at https://ww2.arb.ca.gov/rulemaking/2026/cap-and-invest2026. Please contact Lindsay Garcia, Regulations Coordinator, at lindsay.garcia@arb.ca.gov or (916) 546-2286 if you need physical copies of the documents. Upon request, paper copies may be obtained from the Public Information Office, California Air Resources Board, 1001 I Street, Visitors and Environmental Services Center, First Floor, Sacramento, California, 95814. Written comments must be received by 11:59pm on March 9, 2026, either electronically at: http://www.arb.ca.gov/lispub/comm/bclist.php or by Postal mail at: Clerk of the Board, California Air Resources Board, 1001 I Street / P.O. Box 2815, Sacramento, CA 95814. The Proposed Amendments and Draft EIA will be presented to the Board at a meeting commencing on May 28, 2026, at the Byron Sher Auditorium, CalEPA Building, 1001 I Street, Sacramento, CA and webcast at https://cal-span.org/static/index.php. Please consult the agenda for any updates, available 10 days in advance, to confirm the meeting time and date at: https://ww2.arb.ca.gov/board-meeting-dates. IPL0306054 Jan 23 2026