This page last reviewed November 13, 2012
AB 32 Funding and Common Carbon CostBased on the Budget Act for fiscal years 2010-11, 2011-12, and 2012-13 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 a $27 million a year in repayment on program start-up loans. Next fiscal year (2013-14) the remainder of the start-up loans will be paid off.
The Common Carbon Cost (CCC) is a uniform cost for each metric ton of carbon dioxide. The CCC is calculated as the total amount of funding collected divided by the total number of emissions subject to the Regulation.
Reported emissions subject to the Regulation (approximately 80 percent of statewide emissions) were about 350-370 million metric tons of carbon dioxide annually from 2008 through 2010. Therefore, the CCC was about $0.17 to $0.18 per metric ton of carbon dioxide, each year.