Independent Emissions Market Advisory Committee

The Independent Emissions Market Advisory Committee (IEMAC) analyzes the environmental and economic performance of the state’s cap-and-trade program and other relevant climate policies, then reports its findings to the California Air Resources Board and the Joint Legislative Committee on Climate Change. It was established by Assembly Bill 398 in 2017 and held its first meeting on June 20, 2018. Per statute (Health & Safety Code section 38591.2), it meets at least once a year and is made up of five experts on emissions trading market design as follows: three members are appointed by the Governor, one is appointed by the California State Senate’s Senate Rules Committee and one is appointed by the Speaker of the California State Assembly. The IEMAC also includes a representative of the Legislative Analyst’s Office.