Livable Places Update: Cap-and-Trade Success Stories: Investing in Stronger Communities

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“As California legislators approve Senate Bill 32, which would extend the emissions-reductions targets under the state’s existing Global Warming Solutions Act, it’s worth considering the benefits that have been realized by the landmark legislation and its revenue-generating companion program – cap-and-trade.

“Over the past decade, nearly $48 billion has been invested in renewable energy, energy efficiency, transportation and other climate projects through California climate policies, programs and actions.

“From the Cap and Trade Greenhouse Gas Reduction Fund alone, more than $1.6 billion has been invested in 429 projects, reducing greenhouse gas emissions by more than 4.475 million metric tons – the equivalent of removing more than 945,000 cars off the road each year.

“The statewide benefits of cap-and-trade are undeniable, but it’s at the community level where the greatest range of benefits will be experienced for decades to come.” Read more from LGC’s Kate Meis here.

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