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arbcombo -- Cap-and-Trade Auction Proceeds: Draft Second Investment Plan is now available for the November 3-5 public workshops
Posted: 27 Oct 2015 18:14:51
The Draft Second Investment Plan for Fiscal Years 2016-17 through 2018-19 and details for the three public workshops are now available. Information can be found at: http://www.arb.ca.gov/investmentplan. 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 that identifies investments to help California achieve its greenhouse gas reduction goals, while realizing additional health, economic, and environmental benefits. The Investment Plan does not propose any specific funding levels or percentage allocations–those decisions are made by the Legislature in the State Budget process. The Draft Second Investment Plan is now available and will be discussed during three public workshops. In each location, representatives from the Department of Finance, the Air Resources Board, and other State agencies will provide an overview of current investments, introduce the draft recommendations presented in the document, and respond to questions to aid stakeholders in developing written comments on potential future investments. The same material will be presented at these three workshops. SACRAMENTO – with webcast Tuesday, November 3, 2015 (Afternoon) FRESNO – with live video feed in MODESTO and BAKERSFIELD Wednesday, November 4, 2015 (Evening) LOS ANGELES Thursday, November 5, 2015 (Evening) Written comments are due by November 13, 2015. Public feedback received at the workshops and in writing will inform the preparation of a Revised Draft Second Investment Plan, which will be presented at a public hearing on December 17-18, 2015, in Sacramento. The Final Second Investment Plan is due to the Legislature in January 2016. To download a copy of the Draft Second Investment Plan and for more details on the public workshops, please visit: http://www.arb.ca.gov/investmentplan. 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 Program to reduce emissions to meet AB 32 goals. California is in a drought emergency. Visit www.SaveOurH2O.org for water conservation tips. 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: auctionproceeds, capandtrade, cc, ej.
