This report on cap-and-trade investments should satisfy legislative demands to know where all that money is going and what benefits California is getting from climate investments. It describes the programs being funded, how much those programs are reducing greenhouse gases, and what other benefits the state is getting from its investments.
State law requires a certain portion of California's cap-and-trade money go to communities that have traditionally been overlooked when it comes to public investment. Public workshops this week and next will continue exploring the question of how the state should define "disadvantaged communities" as well as how to assess benefits to those communities.
Two Democratic Assemblymembers got the ball rolling on settling the future of California’s cap-and-trade program by introducing A.B. 151 yesterday. The bill would authorize the California Air Resources Board “to utilize a market-based compliance mechanism” to reduce greenhouse gases after 2020, when the current Global Warming Solutions Act expires. There has been controversy about whether […]