This page last reviewed March 14, 2013
Cap-and-Trade Auction Proceeds
This page contains information about the Administration’s activities to develop investment plans and other materials to support California’s use of the State portion of the proceeds from the auction of allowances under the Air Resources Board’s (ARB or Board) Cap-and-Trade Regulation to support Assembly Bill (AB) 32, the California Global Warming Solutions Act of 2006.
Background
In September 2012, the Legislature passed and Governor Brown
signed into law two bills – AB
1532 (Pérez, Chapter 807) and Senate
Bill (SB) 535 (De León, Chapter 830) – that together establish a framework for
developing an investment plan for projects and programs to be funded
with Cap-and-Trade auction proceeds. SB 535 further requires
that
25 percent of the proceeds that will be expended benefit disadvantaged
communities and at least 10 percent of the proceeds expended be
invested in projects located within those communities.
The
Department of Finance (Finance), in consultation with the ARB and other
state entities, will develop and submit to the Legislature a three-year
investment plan for the auction proceeds. The investment plan
will identify the State’s greenhouse gas emission reduction goals and
priority programs for investment of proceeds to support achievement of
those goals.
Current Activities
The Proposed State
Budget for 2013-14 includes a brief discussion of Administration
priorities for investment, emphasizing investments in the
transportation and energy sectors from which large reductions in GHG
emissions are possible. In addition, areas to be examined
during
the planning process include sustainable agriculture practices
(including the development of bioenergy), forest management and urban
forestry, and the diversion of organic waste to bioenergy and
composting. In these areas, the Administration seeks feedback
on
programs for potential investment that complement investments in
transportation and energy efficiency.
In February 2013, ARB held public workshops to solicit public input during the development of
the first investment plan. Following the subsequent release
of a
draft investment plan, ARB will hold a public hearing to discuss the
draft plan this Spring (tentatively scheduled for April 25-26,
2013). Finance will submit the final plan to the Legislature
in
May 2013. Funding will be appropriated to State agencies by
the
Legislature and Governor through the annual Budget Act, consistent with
the plan.
Archived Public Meetings
The State of California held public workshops to provide input on the development of an investment plan for the auction proceeds from the Cap-and-Trade program to reduce greenhouse gases. The workshops were held in three locations as indicated below; each workshop covered the same topics.
| Date | Time (note different times for each meeting) |
Location | Materials (for all workshops) |
|---|---|---|---|
| Tuesday, February 19, 2013 |
5 pm - 8 pm | Mariposa Mall Building – Room 1036 2550 Mariposa Mall Fresno, California 93721 |
Presentation Slides  Concept Paper (English) Concept Paper (Spanish) Workshop Notice (English) Workshop Notice (Spanish) View Comments |
| Monday, February 25, 2013 |
3 pm - 6 pm | California Environmental Protection Agency Building, Byron Sher Auditorium, 2nd floor 1001 I Street Sacramento, California 95814 This meeting will also be webcast. http://www.calepa.ca.gov/broadcast/ |
|
| Wednesday, February 27, 2013 |
4 pm - 7 pm | Ronald Reagan Building - Auditorium 300 South Spring Street Los Angeles, California 90013 |
Staying in Touch
To receive electronic notices of future meetings and availability of materials, you can sign up for a new listserve on the investment of Cap-and-Trade auction proceeds at: http://www.arb.ca.gov/listserv/listserv_ind.php?listname=auctionproceeds
For questions on this program, please contact Ms. Shelby Livingston, Manager, ARB, at slivings@arb.ca.gov or (916) 324-0934.
Related Activities
Disadvantaged
Communities: for information on the tool that the California
Environmental Protection Agency is using to inform the identification
of disadvantaged communities for investment, please see the Office of
Environmental Health Hazard Assessment’s webpage on the California
Communities Environmental Health Screening Tool (CalEnviroScreen)
at: http://www.oehha.ca.gov/ej/cipa010313.html
http://www.arb.ca.gov/cc/capandtrade/auctionproceeds/workshops/CalEnviroScreen_maps_zips.pdf
The communities shown in blue on these draft maps show those areas of the state that had overall CalEnviroScreen scores in the 90th to 100th percentile. These areas and zip codes have been identified as disadvantaged communities, consistent with the requirements of SB 535 and AB 1532.
Archive
May 2012 Public Consultation
In May 2012, ARB hosted a Public Consultation on Investment of Cap-and-Trade Auction Proceeds.
