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newsrel -- New Report Details How Cap-and-Trade Proceeds Help Improve California

Posted: 14 Mar 2017 13:48:24
Please consider the following news release from the California
Air Resources Board:



March 14, 2017



Stanley Young
(916) 322-2990

Dave Clegern
(916) 322-2990

New Report Details How Cap-and-Trade Proceeds Help Improve
50% of Projects Benefitted Disadvantaged Communities

SACRAMENTO – A new report details how investments from
California’s cap-and-trade auction proceeds are delivering on
their promise to reduce greenhouse emissions while strengthening
local economies and improving public health and the environment
across California. 

The report tracks the progress of the California Climate
Investments, which awarded and implemented more than $500 million
in new funding last year and more than doubled the number of
projects statewide, spread over 57 of California’s 58 counties.
The report was released today by the California Air Resources
Board and the California Department of Finance.

“The investment of cap-and-trade proceeds is reaching every
corner of the State, cutting greenhouse gases and improving air
quality – and quality of life – for millions of Californians,
especially in the state’s hardest hit communities,” said CARB
Chair Mary D. Nichols.   

To date, $3.4 billion has been appropriated by the Legislature to
12 state agencies that have distributed $1.2 billion to projects
that have been completed or are under way. Among the projects: 
•The Port of Los Angeles is launching the world’s first shipping
terminal to generate all of its energy needs from renewable
resources, improving the air quality and local economy of nearby
Wilmington, one of the state’s most disadvantaged communities.
•Southern California’s Metrolink commuter rail line is purchasing
ultra-clean locomotives that will expand service and reduce
commute times on its Antelope Valley and Ventura County lines
while improving air quality in adjacent communities.
•An 82-unit affordable housing development in Los Angeles’s
Macarthur Park neighborhood will provide affordable housing and
improved access to public transit for a key neighborhood hub near
downtown Los Angeles.

In agriculture, grants to farmers for more water-efficient
irrigation technology will not only cut GHG emissions but save
billions of gallons of water. More than 16,000 acres of land have
been preserved, from coastal wetlands to mountain meadows, and
more than 6,200 trees have been planted, providing shade on urban
streets from Los Angeles to Fresno to Oakland.  

Designed to help California reach its climate goals, these
investments are also providing an array of other benefits by
creating jobs, improving air quality, and reducing transportation
and energy costs. The report features profiles that highlight the
impact these investments are having on individuals and
communities, particularly those in California’s most
disadvantaged communities.

Benefits to Disadvantaged Communities

Fifty percent of the $1.2 billion in implemented projects ($614
million) is providing benefits to disadvantaged communities,
including 34 percent ($419 million) going to projects located
within these communities. This exceeds the requirement under SB
535 (De León) that at least 25 percent of investments are
allocated to projects that benefit disadvantaged communities. 

Examples of these projects include:
•A statewide clean-energy assistance program that has installed
solar panels and/or energy-efficiency measures in nearly 30,000
homes, lowering energy bills for low-income residents from
Imperial to Sacramento counties. 
•A San Joaquin Valley Air Pollution Control District program that
helps low-income residents like Jerome Mayfield, a 54-year-old
Stockton resident, replace their old, polluting vehicles with
cleaner hybrid and electric cars.
•A San Bernardino County project to plant 1,000 trees in and
around disadvantaged communities, providing shaded places to rest
and play on hot days, as well as jobs for local residents. 

Future reports will examine the benefits under AB 1550 (Gomez),
which modifies the requirements for minimum investments to
disadvantaged communities.

The report also found that projects are underway in 97 percent of
the 2,000 census tracts in the state that the California
Environmental Protection Agency designated as disadvantaged. And
state agencies are actively seeking to make investment
opportunities more accessible to disadvantaged communities
through technical assistance grants and increased outreach.

Reducing Greenhouse Gas Emissions

Projects funded to date are expected to reduce greenhouse gas
emissions by more than 15 million metric tons of carbon dioxide
equivalent (CO2e), roughly the equivalent of taking three million
cars off the road for a year. In addition, the High Speed Rail
Project is estimated to reduce GHG emissions by almost 59 million
metric tons of CO2e over its operating life. 

The 2017 annual report includes detailed information on
cost-effectiveness and metrics for evaluating program

Accompanying this year’s report is an interactive map  that
allows users to track where cap-and-trade funds are being
invested anywhere in the state. Users can view the locations of
individual projects and aggregate them by program and by the
state’s 120 legislative districts and 58 counties.

Project level data for all projects included in the 2017 Annual
Report and featured on the interactive map is available on the
California Climate Investments website , including project
locations, GHG reductions and benefits to disadvantaged

The 2017 Annual Report to the Legislature on California Climate
Investments Using Cap-and-Trade Auction Proceeds can be found
here .

•California Climate Investments Website:
•2017 California Climate Investments Annual Report:
•Interactive Map of California Climate Investments Statewide:
•Investments by Senate District:
•Investments by Assembly District:

California is in a drought emergency.
Visit www.SaveOurH2O.org for water conservation tips.

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