This page last reviewed April 29th, 2016
California Climate Investments
- CDFA Announces State Water Efficiency and Enhancement Program Grant Awards - April 25
- SGC FY 2015-16 SALC Funding Available - Final applications due May 2
- DWR Public Meetings on Draft Guidelines and PSP :
May 11 - Sacramento
May 16 - Riverside
May 17 - Salida
- DWR Draft 2016 Water-Energy Grant Program Guidelines and PSP - Comment period open until May 23
- CalRecycle Food Waste Prevention and Rescue Workshop - May 24 Sacramento
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.