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omb -- 2016 Annual Report to the Legislature on California Climate Investments
Posted: 15 Mar 2016 14:12:18
Interested in the outcomes and projects funded by the Greenhouse Gas Reduction Funds?. The 2016 Annual Report to the Legislature on California Climate Investments Using Cap-and-Trade Auction Proceeds is now available. Information can be found at: http://arb.ca.gov/cc/capandtrade/auctionproceeds/cci_annual_report_2016_final.pdf. Assembly Bill 1532 (Pérez, Chapter 807, Statutes of 2012) requires the Department of Finance (Finance) to submit an annual report to the Legislature on the status and outcomes of projects funded from the GGRF. This 2016 Annual Report describes the status of funded programs and lists the projects funded. It also provides estimates of the GHG reductions expected from project investments and provides key statistics on benefits to disadvantaged communities, demand for funding, and leveraging. The report provides fiscal data as of November 1, 2015, and program accomplishments through December 2015, unless otherwise stated. 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.