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arbcombo -- Cap-and-Trade Auction Proceeds: A revised draft of the Second Investment Plan for California Climate Investments is now available.
Posted: 02 Dec 2015 17:23:39
The Revised Draft Second Investment Plan for Fiscal Years 2016-17 through 2018-19 is 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 annual State Budget process. The Revised Draft Second Investment Plan is now available and will be presented at the December 17, 2015 Board hearing. At the Board hearing, staff will provide an overview of the draft recommendations presented in the document. Written comments are due by December 14, 2015. Public feedback received at the Board hearing and in writing will inform the preparation of the final Second Investment Plan, which is due to the Legislature in January 2016. To download a copy of the Revised Draft Second Investment Plan, 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, cc, ej.