This page last reviewed November 3, 2014
AB 32 Funding and Common Carbon CostFor Fiscal Year 2014-15, the amount of funding is based on implementation expenses of $42 million. For Fiscal Year 2013-14, the amount of funding collected was approximately $50 million. This amount included AB 32 implementation expenses of $40 million and about $10 million in loan repayment. For prior fiscal years the amount of funding collected was approximately $62 million each year. These amounts include both AB 32 implementation expenses of about $35 million a year and about $27 million a year in repayment on program start-up loans.
The Common Carbon Cost (CCC) is a uniform cost for each metric ton of CO2. The CCC is calculated as the total amount of funding collected divided by the aggregate amount of CO2 emissions subject to the Regulation.
Reported emissions subject to the Regulation (approximately 80 percent of statewide CO2 emissions) were about 350-370 million metric tons of carbon dioxide annually from 2008 through 2012. The CCC ranged from $0.121 to $0.180 per metric ton of CO2 each year. The following link provides for a breakdown of the historical CCC data and transportation fuel fee rates.
AB 32 Cost of Implementation Fee Funding in the 2014-2015 Budget Act
|Air Resources Board||$38,241|
|Department of Housing and Community Development||$810|
|Environmental Protection Agency||$591|
|State Water Resources Control Board||$570|
|Department of Forestry and Fire Protection||$559|
|Department of Resources Recycling and Recovery||$549|
|Department of Public Health||$349|
|Department of Water Resources||$330|