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auctionproceeds -- Greenhouse Gas Reduction Fund Draft Funding Guidelines
Posted: 16 Jun 2015 17:19:15
The Air Resources Board (ARB or Board) has released a draft version of the Funding Guidelines for agencies that are administering appropriations from the Greenhouse Gas Reduction Fund (GGRF). The draft Funding Guidelines consist of three volumes focused on: accountability and transparency; maximizing benefits to disadvantaged communities; and reporting to document greenhouse gas (GHG) reductions, co-benefits, and other project outcomes. The draft Funding Guidelines will be discussed at a public workshop on Monday, June 22, 2015, in Sacramento that is also available through webcast. The deadline for public comments on the draft Funding Guidelines is June 29, 2015. Following the workshop and public comment period, ARB staff will update and release a revised draft of the Funding Guidelines. On Thursday, July 23, 2015, the Board will hear public testimony and consider approval of the Funding Guidelines. To download a copy of the draft Funding Guidelines, please visit: http://www.arb.ca.gov/cc/capandtrade/auctionproceeds/fundingguidelines.htm. To download a copy of the Workshop Notice, including the workshop time and location, please visit: http://www.arb.ca.gov/cc/capandtrade/auctionproceeds/ggrfworkshopnotice-june22.pdf. Comments on the draft Funding Guidelines may be submitted electronically at: http://www.arb.ca.gov/lispub/comm2/bcsubform.php?listname=ggrf-guidelines-ws&comm_period=1. For additional information on auction proceeds, please visit: www.arb.ca.gov/auctionproceeds. BACKGROUND: AB 32, the California Global Warming Solutions Act of 2006 (Assembly Bill 32 (AB 32); Nunez, Chapter 488, Statutes of 2006) is a comprehensive, multi-year program to reduce greenhouse gas emissions in California. ARB 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. The State’s portion of the proceeds from Cap-and-Trade auctions are deposited in the Greenhouse Gas Reduction Fund (GGRF). SB 1018 and other statutes require that the GGRF be used to facilitate the achievement of GHG emission reductions and further the purposes of AB 32. Each year, the Governor and Legislature determine which State agencies and programs will receive appropriations from the GGRF to invest in projects that reduce greenhouse gases. State law requires ARB 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, ARB is developing Funding Guidelines to help these agencies use their appropriations in a way that reduces greenhouse gases, furthers the purposes of AB 32, maximizes benefits to disadvantaged communities, and meets the other statutory requirements. California is in a drought emergency. Visit www.SaveOurH2O.org for water conservation tips.