Cap-and-Trade
Streetsblog California
First Cap-and-Trade Funds Awarded for Transit Projects
The California Transportation Commission began the process of allocating funds from the Greenhouse Gas Reduction Fund at its monthly meeting on Friday. The first official allocations for the Transit and Intercity Rail Capital Program went to Sacramento, LA's MetroLink, and San Diego for projects that will allow them to offer better transit service, thus encouraging transit ridership and reducing greenhouse gas emissions.
August 31, 2015
That’s Right: Don’t Use Cap-and-Trade Money for Roads
Kudos to the LA Times for explaining in an op-ed piece today why money from California's Greenhouse Gas Reduction Fund (GGRF) should be not used for repairing roads. That proposal has been part of a strategy suggested by Republican members of the legislature for funding transportation, because they think using the money from cap-and-trade, which funds the GGRF, could allow them to avoid voting for higher gas taxes.
August 27, 2015
Senate Leader Dismisses Idea of Using Cap-and-Trade Funds for Road Repairs
At a press conference in Sacramento yesterday, Senate President Pro-Tem Kevin de Leon dismissed the idea, floated by Republican legislators and anti-tax advocates, that revenue in the state's Greenhouse Gas Emissions Reduction fund could be used for road maintenance and repair.
August 20, 2015
Workshops: How Should CA Spend Cap-and-Trade Revenue?
The California Air Resources Board announced a series of public workshops that will address two subjects pertaining to cap-and-trade auction proceeds.
July 24, 2015
New Website Quantifies Benefits of California Climate Change Policies
Each time California legislators consider its climate change policies, questions arise about what benefits the state is receiving for its current investments. Until today, there has been no centralized source of data on the state's investments from its cap-and-trade program nor on resulting greenhouse gas emissions or other benefits.
July 15, 2015
Dems, Repubs Far Apart on Solving CA Transportation Funding
The California legislature held its first joint special session on transportation funding just before the holiday weekend. The session was called by Governor Jerry Brown when he and the legislature punted some big decisions so they could sign a budget before the June 30 deadline.
July 6, 2015
Affordable Housing Awards from Cap-and-Trade Funds Announced
On Monday, the California Strategic Growth Council announced its recommendations for the first round of funding under the Affordable Housing and Sustainable Communities program. SGC staff recommended 28 projects, to be awarded a total of $122 million. The projects are split about evenly between Northern and Southern California.
June 24, 2015
Legislative Update: Limiting Cap-and-Trade Transit Funds to Large Projects
Last week, the California legislature put off making a decision on how to spend the portion of cap-and-trade revenue that hasn't already been allocated. Meanwhile Senator Jim Beall (D-San Jose) is shepherding through a bill, S.B. 9, that seeks to limit funds from one of the existing cap-and-trade programs to large, expensive transit projects.
June 19, 2015
Draft Guidelines for Greenhouse Gas Reduction Fund Available for Comment
The California Air Resources Board released a draft of its guidelines for programs funded by cap-and-trade revenue [PDF], and will hold a workshop [PDF] on Monday to receive feedback on them.
June 18, 2015