This page last reviewed February 10, 2015
Cap-and-Trade Auction Proceeds
- ARB releases summary table of each agency's program status
- CalSTA finalizes guidelines and begins call for rail capitol projects
- ARB releases GHG quantification methods for SGC AHSC Program
- SGC Affordable Housing and Sustainable Communities project solicitation has begun
- SGC Sustainable Agricultural Land Conservation project solicitation has begun
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. 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.
Background and Resources
ARB Guidance for Agencies
Staying in Touch
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