This page last reviewed March 29, 2012

AB 32 Total Required Revenue: Funding Approved in the California Budget Act for Fiscal Year 2010-2011 

Based on the 2010 Budget Act, the fiscal year (FY) 2010-2011 Total Required Revenue is $62.1 million.  This total includes both AB 32 implementation expenses for FY 2010-2011 of $35.2 million and a $26.9 million repayment on program start-up loans to be repaid by the fees. 

Based on reported fuel and emissions data subject to the Regulation (equivalent to approximately 362 million metric tons of CO2), the Common Carbon Cost (CCC) for FY 2010-2011 is 17.1 cents ($0.171) per metric ton of CO2 (MTCO2).   For more information on the CCC, please see the Calculation of the Fiscal Year 2010-2011 Common Carbon Cost web page

The table below provides a breakdown of funding, by agency, covered by the AB 32 Cost of Implementation Fee as approved in the 2010 Budget Act.

AB 32 Cost of Implementation Fee Funding in the 2010-2011 Budget Act