This page last reviewed May 23, 2016
California Climate Investments
- 2016 Annual Report to the Legislature and Project List
- CDFA Accepting Applications for Grants to Provide Workshops and Technical Assistance for Farmers Participating in SWEEP - Applications due May 20
- High-Speed Rail Authority Public Scoping Meetings:
May 23 - San Francisco; May 24 - San Mateo; May 25 - Mountain View
- DWR Draft 2016 Water-Energy Grant Program Guidelines & PSP - Comment period open until May 23
- CalRecycle Food Waste Prevention and Rescue Workshop - May 24 - Sacramento
- CSD LIWP Phase 2 Stakeholder Meeting - June 2 - Sacramento
- SGC Full AHSC Applications Due - June 20
- ARB Public Meeting on Proposed FY 2016-17 Funding Plan for Low Carbon Transportation and Fuels Investments and the Air Quality Improvement Program - Sacramento - June 23
Background and Resources
ARB Guidance for Agencies
What are Cap-and-Trade Auction Proceeds?
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.