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auctionproceeds -- Cap-and-Trade Auction Proceeds Public Workshops on Investment Plan Concepts and Draft Funding Guidelines
Posted: 16 Jul 2015 13:27:07
The State of California invites you to participate in a series of public workshops to provide input on the Draft Concept Paper for the Cap-and-Trade Auction Proceeds Second Investment Plan and Draft Funding Guidelines for Agencies Administering California Climate Investments (Greenhouse Gas Reduction Funds). The series of public workshops will be held August 3-14, 2015, at seven locations across the State (shown below). In each location, representatives from the Administration will provide an overview of our early thoughts for investment priorities and will hear public suggestions. SACRAMENTO* Monday, August 3, 2015 (Afternoon) *also webcast FRESNO Tuesday, August 4, 2015 (Evening) OROVILLE Thursday, August 6, 2015 (Evening) OAKLAND Monday, August 10, 2015 (Evening) FONTANA Wednesday, August 12, 2015 (Morning) LOS ANGELES Wednesday, August 12, 2015 (Evening) SAN DIEGO Thursday, August 13, 2015 (Evening) Specific times and locations will be posted on the Air Resources Board’s Auction Proceeds website on July 20th at: http://www.arb.ca.gov/auctionproceeds. INVESTMENT PLAN: To guide the investment of Cap-and-Trade auction proceeds, the Department of Finance, in consultation with the Air Resources Board and other State agencies, is required to submit a three year Investment Plan to the Legislature which identifies priority investments that will help California achieve its greenhouse gas reduction goals while realizing additional health, economic, and environmental benefits. Currently, the Second Investment Plan is being developed by the Administration, and will cover Fiscal Years 2016-17 through 2018-19. The Draft Concept Paper for the Second Investment Plan will present preliminary high level ideas and draft funding priorities for public discussion. The Draft Concept Paper for the Second Investment Plan will be posted at: http://www.arb.ca.gov/investmentplan by July 24th. At the series of public workshops, Air Resources Board staff will introduce the Draft Concept Paper to aid stakeholders in developing written comments. Written comments will be due September 1, 2015. Public feedback received at the workshops and in writing will inform the preparation of a Draft Second Investment Plan, which will be presented at a second series of workshops and a public hearing later this year. The Final Second Investment Plan is due from the Department of Finance to the Legislature in January 2016. FUNDING GUIDELINES: Each year, the Governor and Legislature determine which State agencies and programs will receive appropriations from the Greenhouse Gas Reduction Fund to invest in projects that reduce greenhouse gases. State law requires the Air Resources Board to develop guidance for all State agencies that receive appropriations, including guidance on reporting, quantification methods, and maximizing benefits to disadvantaged communities. To comply with this law, the Air Resources Board is developing Funding Guidelines to help these agencies use their appropriations in a way that reduces greenhouse gases, furthers the purposes of Assembly Bill 32, maximizes benefits to disadvantaged communities, and meets the other statutory requirements. The Draft Funding Guidelines and a short supplement are available at: http://www.arb.ca.gov/cc/capandtrade/auctionproceeds/fundingguidelines.htm. At the series of public workshops, Air Resources Board staff will discuss the Draft Funding Guidelines. Public feedback received will inform the preparation of the proposed Funding Guidelines, which will be presented at an Air Resources Board public hearing on September 24-25, 2015. For additional information on the State’s investment of Cap-and-Trade auction proceeds, please visit: http://www.arb.ca.gov/auctionproceeds. BACKGROUND: Assembly Bill 32, the California Global Warming Solutions Act of 2006 (AB 32; Nunez, Chapter 488, Statutes of 2006) is a comprehensive, multi-year program to reduce greenhouse gas emissions in California. The Air Resources Board has adopted a Scoping Plan and, together with other State and local agencies, has developed and implemented numerous regulations and programs, including the Cap-and-Trade Auction Proceeds Program to reduce emissions to meet AB 32 goals. California is in a drought emergency. Visit www.SaveOurH2O.org for water conservation tips.
