This page last reviewed September 17, 2014

Cap-and-Trade Auction Proceeds

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This page contains information about the investment of Auction Proceeds and the Administration’s activities to develop investment plans, funding guidelines, and other materials to support these investments. 

Background

AB 32, the Global Warming Solutions Act of 2006, directed ARB to address climate change using multi-year programs to reduce greenhouse gas (GHG) emissions in California.  ARB has adopted a Scoping Plan that describes the approach California will take to reduce GHG emissions and achieve the goal of reducing emissions to 1990 levels by 2020. 

The Cap-and-Trade Program, a key element of the Scoping Plan, began in 2012.  A portion of the GHG emissions permits (allowances) established by the Cap-and-Trade Program are sold at quarterly auctions and reserve sales.  The Legislature and Governor appropriate proceeds from the sale of State-owned allowances for projects that support the goals of AB 32.  Strategic investment of these proceeds furthers the goals of AB 32 by reducing GHG emissions, providing net GHG sequestration, and supporting the long-term, transformative efforts needed to improve public and environmental health and develop a clean energy economy. 


Staying in Touch

To receive electronic notices of meetings and materials, you can sign up for the Auction Proceeds listserve 


For information on the program, please contact:
Shelby Livingston, Branch Chief, at 916-324-0934 or e-mail slivings@arb.ca.gov   
Matthew Botill, Manager, at 916-324-2828 or e-mail mbotill@arb.ca.gov

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