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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

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:

The meeting notice will be available soon at: 


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. 


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.


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