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arbcombo -- May 24th Public Consultation Meeting on Investment of Auction Funds from California Cap-and-Trade Program Posted: 08 May 2012 14:56:20
Please save the date for a public consultation meeting hosted by the California Air Resources Board (ARB) on approaches for investing auction proceeds from California’s cap-and-trade program. Panelists will discuss how California can most effectively invest these funds to support the goals of Assembly Bill 32 (AB 32) to reduce greenhouse gases, as well as encourage long-term transformation to improve public health and develop a clean energy economy. The public can share ideas about what criteria and programs should be prioritized in the development of an investment plan. ARB will soon be issuing a notice that provides additional detail about the meeting and how to participate. DATE: May 24, 2012 TIME: 1:30 p.m. – 5:00 p.m. PDT PLACE: California Environmental Protection Agency Building Byron Sher Auditorium, 2nd floor 1001 I Street Sacramento, California 95814 A live webcast of the meeting will be available at: http://www.calepa.ca.gov/broadcast/?BDO=1 The meeting notice will be available soon at: http://www.arb.ca.gov/cc/capandtrade/meetings/meetings.htm. BACKGROUND: The Global Warming Solutions Act of 2006 (Chapter 488, Statutes of 2006 [AB 32, Núñez/Pavley]), requires California to reduce statewide greenhouse gas emissions to 1990 levels by 2020 and to maintain and continue reductions beyond 2020. As part of this effort, ARB has developed a cap-and-trade program. The program establishes a statewide emissions limit on sources responsible for 85 percent of greenhouse gases and creates a financial incentive for investment in clean and efficient technologies. Under the program, a portion of allowances required for compliance will be auctioned. Strategic investment of auction funds can further the purposes of AB 32 and deliver long-term economic, environmental, and clean energy benefits. The first auction is scheduled for November 2012 and auctions will be held on a quarterly basis thereafter through 2020. ACCOMMODATION: To request special accommodations or language needs, please contact Carol Wysong at 916.322.0289 as soon as possible, but no later than 10 business days before the scheduled meeting. TTY/TDD/Speech to Speech users may dial 711 for the California Relay Service. You are receiving this single arbcombo email because you are a subscriber to or have made a public comment to one or more of the following lists: ab32publichealth, ag, agriculture-sp, altdiesel, altfuels, aqip, board, bus-tfv, bus-ub, capandtrade, cargo, ccms, cc, cement, ceqa, cf-outlets, chps, climatechampions, commerce-cherrp, commref, compost, cool-cars, dg, diesel-retrofit, dieselrrp, ej, ej-prp, energyaudits, esr-sc, foam, forestry, freight, fuels, gas-trans, ghg-rep, ghg-ver, glass, gmbond, h2hwy, harborcraft, hdghg, hfcdiy, hybridtruck, hydprod, icat, inuseag, landfills, largecaf, lcfs, levprog, loan, localaction, loco, manuremgmt, maritime, miraloma-cherrp, moyer, ms-mailings, mvac-dismant, mvac-gwp, nla, offsets, oil-gas, onrdiesel, ordiesel, orrec, orspark, portable, porttruck, propane-transfer, publicfleets, railyard, recmarine, refineries, reftrack, residref, res, rsc-ghg, sb375, schoolbus, semiconductors, sf6elec, sf6nonelec, shorepower, sip, swcv, title-v, tru, wilmington-cherrp, workshops, zeb, zev-program.